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NVEC - (NVE Corporation)

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this posting is an update to my July 2007 posting
about my holdings of NVEC - (NVE Corporation)
who develops and sells devices that use spintronics,
a nanotechnology that relies on electron spin rather than electron charge
to acquire, store and transmit information.

NVEC has been awarded numerous awards including
IBD 100: Investor's Business Daily list of "leading stocks trading in the U.S.,
showing superior earnings, strong price performance and leadership within their industry."

in addition to the other business awards to NVEC
http://www.nve.com/awards.php

I'm impressed by NVEC being awarded
a NASA Certificate of Appreciation

it seems that their new "spintronic" technology,
is more radiation hardy for space applications
being based upon electron spin (rather then electric charge)
it is inherently more impervious to cosmic ray damage in space
(electron spin is harder to disrupt then electric charge is)

NVEC was also awarded the 2007 Tibbetts Award
which is based upon "economic impact of technological innovation;
business achievement and effective collaborations;"

the Tibbitts Award is sponsored by
the National Science Foundation, NASA, and DARPA
http://www.zyn.com/tibbetts/about.htm

as far as financial aspects of NVEC's current business activities
the most recent NVEC form 10Q filed with the SEC yesterday (October 17, 2007) states:

Product sales for the recent quarter increased 14% compared to the prior-year quarter
Net income for the second quarter of fiscal 2008 increased 28% compared to the prior-year quarter.

the first six months of fiscal 2008, product sales increased 26% compared to last year

Net income for the first half of fiscal 2008 was $0.67 per diluted share
compared to $0.45 per diluted share, for the first half of fiscal 2007.

NVEC's business exhibits strong growth,
and NVEC has been granted numerous patents
indicating solid future prospects

NVEC is currently working to improve business even more
by developing new sensors for automotive applications