Dutton Associates Announces Investment Opinion: Forgent Networks Speculative Buy Rating Maintained By Dutton Associates

  
    
  
  
    
      Dutton Associates updates its coverage of Forgent Networks 
      (Nasdaq:FORG), maintaining a Speculative Buy rating and a target price 
      of $2.00. The 11-page report by Dutton senior analyst Richard West, CFA 
      is available at www.jmdutton.com 
      as well as from First Call, Bloomberg, Zacks, Reuters, Knobias, and 
      other leading financial portals.
    
    
      Forgent Networks' successful program of licensing its intellectual 
      property, generated revenue of more than $122.0 million in fees over the 
      past five years. Since our October 10, 2006, Research Report, Forgent’s 
      Intellectual Property program has suffered some setbacks and is now 
      waiting upon possible settlements in the outcome of the pending trial 
      for the ‘746 patent. In the face of the 
      uncertainty surrounding the ‘746 Patent 
      litigation, we lowered our rating to Neutral on December 1, 2006. 
      However, considering Forgent’s cash position, 
      the Court’s denial of a motion to stay the ‘746 
      Patent litigation pending the outcome of the US Patent Office 
      re-examination of the ‘746 Patent, its 
      maintaining listing on the NASDAQ Global Market Exchange, and that its 
      common stock has moved up from the first of December price of $0.50 per 
      share to its current level of $1.60 per share on heavy volume (3.2 
      million daily average shares in the month of December), we reiterate our 
      January 3rd rating of Speculative Buy with a 
      12-month price target being set at $2.00 per share. We caution investors 
      to consider the risks of the unknown results from the ‘746 
      Patent litigation, which is scheduled for trial in May 2007.
    
    
      About Dutton Associates
    
    
      Dutton Associates is one of the largest independent investment research 
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      and have expertise in many industries. Dutton Associates provides 
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      The cost of enrollment in our one-year continuing research program is US 
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      and requisite Research Notes. We received $63,000 from the Company for 7 
      quarterly Research Reports with coverage commencing on 12/21/2004. The 
      Firm does not accept any equity compensation. Our principals and 
      analysts are prohibited from owning or trading in securities of covered 
      companies. The views expressed in this research report accurately 
      reflect the analyst's personal views about the subject securities or 
      issuer. Neither the analyst's compensation nor the compensation received 
      by us is in any way related to the specific ratings or views contained 
      in this research report or note. Please read full disclosures and 
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