Avici Systems Inc. (Ticker: AVCI) Networking Equipment Gem

Avici Systems is small (206 Employees) manufacture of high speed data networking equipment. The company has a market cap of 112 million. The company is not yet profitable but revenue growth was 127.50% year over year. They have no debt and nearly 60 million in cash. Total revenue was up 30% in 2005 over 2004 and the latest quarter revenue of 25 million compares nicely to total revenue for all of 2005 of 35 million. The stock has doubled to $8 a share in the last five months after spending a year basing at $4 a share. There are 13.65 million shares outstanding and 1.96 million (15.40%) are short as of last month. It all adds up to a nice opportunity for a strong move up if they continue to ramp revenue and turn profitable.