Small Cap Stock Pick: CNTF

CNTF made a strong run today breaking out of its bearish descending channel on news of strong earnings and a positive forward outlook. Quoting a PR from yahoo finance.
“The company’s smartphone business nearly doubled sequentially and was well above our projections due to robust demand for dual-mode smartphones,” Jefferies & Co. analyst Brian White wrote in a note to investors. He rates the stock “Buy.”Techfaith also disclosed plans to work with Google Inc. to develop a phone based on the online search leader’s Android operating system.