Dutton Associates Announces Investment Opinion: LogicVision Rating Maintained At Strong Speculative Buy In Update Coverage By Dutton Associates

ROSEVILLE, Calif.—(BUSINESS WIRE)—November 6, 2008— Dutton Associates updates its coverage of LogicVision (Nasdaq:LGVN) maintaining its rating at Strong Speculative Buy and a $1.40 price target. The 12-page report by Dutton senior analyst Wayne T. Lottinville, CFA is available at www.jmdutton.com as well as from First Call, Bloomberg Professional, FactSet, Capital IQ, Zacks, Reuters, Knobias, and other leading financial portals.

LogicVision makes a semiconductor-testing technology called built-in self-test, or BIST, particularly useful in the newer state-of-the-art, system-on-a-chip (SoC) designs. Its BIST technology is a perfect fit for these advanced chips. The most important recent developments and drivers for LogicVision are the renewals of existing contracts and the signing of new contracts, such as the one with Qualcomm, a leader in wireless technologies including CDMA (code division multiple access). These developments coupled with the recent trend of customer pull replacing LogicVisions push support the Companys technological superiority and prospects for growth in the market. We believe that the recent market softness will have a limited impact of LogicVision as its success is driven in large part by its customers goals to save costs which will only become more critical during a recession. In addition, LogicVision has implemented some cost-cutting measures itself, which should help it achieve its profitability goals despite the slowdown in the marketplace. We find the Company to be a compelling, if speculative, investment opportunity. In view of the growing complexity that comes with todays SoCs, we believe LogicVision has never had a better opportunity to see its technology experience fast and widespread adoption. In 2009, revenues are forecast at $14.3 million and EPS of ($.07) versus $12.3 million and ($.35) this year, respectively.

About Dutton Associates

Dutton Associates is one of the largest independent investment research firms in the U.S. Its 20 senior analysts are primarily CFAs, and have expertise in many industries. Dutton & Associates provides continuing analyst coverage of over 120 enrolled companies, and its research, estimates, and ratings are carried in all the major databases serving institutions and online investors.

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. Dutton Associates received $35,000 from the Company for 4 Research Reports with coverage commencing on 3/10/2008. We do not accept payment of our fees in company stock. 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 analyst background at www.jmdutton.com before investing.



Contact:

Dutton Associates
John M. Dutton, 916/960-0623




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