Data I/O Corp. (DAIO) revenues shoot up 39 percent

Data I/O Corp ((DAIO - FusionIQ Technical Score 98 (out of 100)) said second-quarter revenues increased to $8 million from $5.8 million a year earlier and net income rose to $1.2 million, or 13 cents per share, from a loss of $1.1 million, or a loss of 13 cents per share in 2007.  With a point and figure target of $ 13.75 after solid fundamental sales performance and an increased backlog, DAIO offers solid upside potential.

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