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

  
    
  
  
    
      Dutton Associates continues its coverage of Forgent Networks, Inc. 
      (Nasdaq:FORG), maintaining its Strong Speculative Buy rating and $2.40 
      price target. The 14-page report by Dutton senior analyst Richard W. 
      West, CFA is available at www.jmdutton.com 
      as well as from First Call, Bloomberg, Zacks, Reuters, Knobias, and 
      other leading financial portals.
    
    
      Since our January 30, 2007, Research Report, Forgent Networks’ 
      Intellectual Property program received positive news when Judge Leonard 
      Davis of the US District Court for the Eastern District of Texas, Tyler 
      Division, handed down his ruling from the Markman Hearing for the United 
      States Patent No. 6,285,746 (the '746 Patent). The ruling was 
      interpreted as positive for Forgent. It is apparent that the case is now 
      wending its way toward the trial date of May 14, 2007, although there 
      may be possible settlements before the trial. Forgent reported its 
      second profitable quarter in a row on March 1, 2007. We raised our 
      rating on January 3, 2007, to Speculative Buy from Neutral with a 
      12-month price target being set at $2.00 per share upon considering many 
      factors. Its common stock has moved up from the December 1, 2006, price 
      of $0.50 per share to its current price of $1.60 per share on heavy 
      volume (3.2 million daily average shares in the month of December). On 
      February 19, 2007, after Judge Leonard’s 
      Markman Hearing ruling, we raised our rating to a Strong Speculative Buy 
      and raised our 12-month price target to $2.40 per share. At that time, 
      we again cautioned investors to consider the risks from the unknown 
      results of the ‘746 Patent litigation.
    
    
      About Dutton Associates
    
    
      Dutton Associates is one of the largest independent investment research 
      firms in the U.S. Its 31 senior analysts are primarily CFAs and have 
      expertise in many industries. Dutton Associates provides continuing 
      analyst coverage of over 145 enrolled companies, and its research, 
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      The cost of enrollment in our one-year continuing research program is US 
      $35,000 prepaid for 4 Research Reports, typically published quarterly, 
      and requisite Research Notes. The Firm does not accept any equity 
      compensation. We received $95,000 from the Company for 11 quarterly 
      Research Reports with coverage commencing on 12/21/2004. 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 
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