Zacks Analyst Blog Highlights: Chevron Corp., Linktone Ltd.,

DRDGOLD Ltd.,, Inc. and UTStarcom, Inc. 
CHICAGO--(BUSINESS WIRE)--August 25, 2008 announces the list of stocks featured in the Analyst
Blog. Every day the Zacks Equity Research analysts discuss the latest
news and events impacting stocks and the financial markets. Stocks
recently featured in the blog include: Chevron Corp. (NYSE: CVX),
Linktone Ltd. (Nasdaq: LTON), DRDGOLD Ltd. (Nasdaq: DROOY),, Inc. (NYSE: CRM) and UTStarcom, Inc. (Nasdaq: UTSI). 
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Here are highlights from Friday's Analyst Blog: 
Chevron at a Great Value 
We are upgrading Chevron Corp. (NYSE: CVX) shares to Buy from Hold
following the stock's recent commodity-price related weakness. We
think that the risk-reward trade-off is very favorable at current
While a weak oil price environment may weigh on the stock over the
coming weeks, we believe that Chevron's strong pipeline -- which is
projected to add more than 1 MMBOE/d by 2011 -- and impressive recent
exploration successes have significantly improved its long-term
upstream growth prospects. 
Linktone Unprofitable Thru '09 
Linktone Ltd. (Nasdaq: LTON) is a provider of wireless interactive
entertainment services for mobile telephone users and advertising
services to enterprises in China. 
The Chinese wireless value-added services market has seen
increasingly intense competition and the policy/regulatory changes
have a material impact on Linktone's business. However, the company's
revenue has increased sequentially for three consecutive quarters,
which may indicate that the worst time for Linktone has passed.
Advertising service business may become another revenue source for the
DRDGOLD with Certain Challenges 
In the fourth quarter, unhedged gold-producing company DRDGOLD
Ltd.'s (Nasdaq: DROOY) headline earnings from continuing operations
were $2.52 per share, compared to a loss from continuing operations of
$0.25 per share in the year ago quarter when measured in constant
currencies. Total revenue was $65 million, up 30% from $50 million
recorded in the previous year's corresponding quarter when measured in
constant currencies. Gold production from continuing operations for
the quarter was 1% higher at 71,211 oz. 
With minimal debt on its balance sheet, DRDGOLD is well positioned
to undertake expansion activities. However, there are some challenges
facing the company with respect to its aging assets, environmental
laws, currency risks and power shortages. Thus, we rate the stock a
Hold with a six-month target price of $6. Trending Strong, Inc. (NYSE: CRM) is the market leader in the
on-demand Customer Relationship Management (CRM) space and continues
to see substantial subscriber and customer growth. 
While the company reported strong second half results and raised
full-year revenue guidance, dilution from the InStranet acquisition
will result in lower than expected second half EPS. Although this will
penalize the stock, we believe InStranet makes strategic sense, and
over the long-term EPS growth will accelerate. We therefore reiterate
our Buy rating on's shares. 
UTStarcom Keeping Grounded 
UTStarcom, Inc. (Nasdaq: UTSI), a provider of IP-based telecom
equipments, announced encouraging second quarter 2008 financial
results, above our estimates. 
This was primarily due to growing acceptance for the company's
IPTV solutions and personal communications devices (PCD). We believe
market demand for the company's IPTV and optical transport solutions
remains firm as opportunities appear respectable at several carriers
in Asia and Latin America. Recent divestiture of the PCD and mobile
solutions businesses will foster adequate focus on the company's core
IP-based business, while simultaneously improving overall margins. 
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