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Tech Research stock is soaring

By HELEN HUNTLEY
Published October 31, 2003

Tiny Technology Research Corp. of Clearwater is turning heads on Wall Street.

The company's stock has been on a tear this year. Starting at a lowly $1.85 in January, it hit $4 in June, $6 in July, $8 in September - and then spiked up to $14 a share Thursday.

Company officials called this week's 47 percent price surge a delayed reaction to last week's earnings report. The company sells extension cords, surge protectors and other electrical safety and control equipment to big customers such as Home Depot, Wal-Mart and the U.S. military. Last quarter it earned $793,860 on $6.2-million in revenues.

"I think we're on people's radars now," said chief financial officer Scott Loucks. "It's nice finally to be recognized after all these years of hard work."

[Last modified October 31, 2003, 04:28:07]

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