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MDB Capital Upgrades WolrdGate (WGAT) to Buy

September 26, 2007 12:07 PM EDT
WGAT Hot Sheet
Rating Summary:
    0 Buy, 0 Hold, 0 Sell

Rating Trend: = Flat

Today's Overall Ratings:
    Up: 3 | Down: 3 | New: 8
MDB Capital upgrades WolrdGate (Nasdaq: WGAT) from Neutral to Buy with a $1.50 price target. The firm said prospects have improved.

The firm said, "Recent discussions we've had with the management of SnapVRS reflect excellent progress in rolling-out thousands of Ojos to the hearing impaired community." They also said, "Our model has been revised to pull-in breakeven for WorldGate from the third quarter of 2008 to the 1st quarter."

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