Schaeffer's Street Chatter Highlights the Following Stocks: Comtech Telecomm, Shuffle Master, and TiVo.

Business Editors

CINCINNATI--(BUSINESS WIRE)--June 8, 2004

Today's "Street Chatter" from Schaeffer's Investment Research focuses on: Comtech Telecomm (Nasdaq:CMTL), Shuffle Master (Nasdaq:SHFL), and TiVo (Nasdaq:TIVO). "Street Chatter" is a report that analyzes three newsworthy stocks that are generating a lot of attention on Internet message boards. "Street Chatter" is published on www.SchaeffersResearch.com - the home of Bernie Schaeffer and Schaeffer's Investment Research.

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Street Chatter:

1. Wireless telecom equipment manufacturer Comtech Telecomm (Nasdaq:CMTL) has garnered some attention among message-board participants today. In fact, the number of CMTL-themed postings on Yahoo! Finance has increased by over 2,400 percent. Spurring this interest was the company's third-quarter earnings announcement this morning. The firm earned 31 cents per share, a two-penny improvement over year-ago results. Looking forward, CMTL officials expect fiscal-year 2004 earnings per share to grow more than 60 percent.

CMTL shares have rocketed almost 14 percent higher today on heavy volume. This boost has taken the equity within striking distance of its declining 20-week moving average, above which CMTL has not traded since early February.

Bullishness is prevalent on the stock despite its recent trend lower. There are currently less than one million CMTL shares sold short, which amounts to a paltry short-interest ratio of less than two days to cover. Wall Street is unanimously supportive of the stock, as five out of five analysts rate CMTL a "buy" or better.

Click the following link to see the Weekly Chart of CMTL Since January 2004 With 10-Week and 20-Week Moving Averages: http://www.schaeffersresearch.com/wire?ID=10334 .

2. Shuffle Master (Nasdaq:SHFL) makes gaming equipment, particularly automatic card shufflers that help boost efficiency and security at the nation's casinos. SHFL has retreated slightly today following a downgrade from Fulcrum Global, which lowered its rating on the stock to a "neutral" from a "buy."

SHFL shares have been on the rise since last January, nearly quadrupling in value during the past 18 months. Throughout this rally, the stock has enjoyed support from its ascending 10-week moving average.

Puts have historically been popular on the stock, as evidenced by Schaeffer's put/call open interest ratio (SOIR) for SHFL, which weighs in at 1.41, in the 40th annual percentile. Yesterday, the equity's SOIR stood at 1.17, which was in the 23rd percentile of all SOIR readings taken over the past 12 months.

SHFL is also a popular choice among the short-selling crowd. There are currently more than eight million SHFL shares sold short. At the stock's average daily volume, it would take more than two weeks to cover all of these open shorted positions. Any continued strength in the shares could drive some of these bearish investors to dump their positions, thus providing additional buying strength for the security.

Click the following link to see the Weekly Chart of SHFL Since January 2003 With 10-Week and 20-Week Moving Averages: http://www.schaeffersresearch.com/wire?ID=10334 .

3. Digital-video recording pioneer TiVo (Nasdaq:TIVO) is in the red today after DirecTV reportedly unloaded all of its stake, or 3.5 million shares, for $7.20 per share. On this news, Adam Harkness downgraded the stock to a "market perform" from a "buy." Prior to this morning's downgrade, TIVO had earned three "buy" ratings among the analyst community, four "holds," and zero outright "sells." TIVO, which has been in declining territory for three months, continues to struggle in single-digit territory. The equity is also trading below all of its significant 10-unit and 20-unit moving averages.

Optimistic sentiment has been mounting a slow advance on the shares. First, SOIR for TIVO has been spiraling lower since last December to its present perch of 0.35. This reading means that for every 100 bullishly slanted call positions, there are just 35 bearish put positions. The stock's SOIR is now lower than 60 percent of the past year's worth of data. Additionally, short sellers decreased their bearish positions by 11 percent last month to 10.6 million, the lowest level since November.

Click the following link to see the Daily Chart of TIVO Since February 2004 With 10-Day and 20-Day Moving Averages: http://www.schaeffersresearch.com/wire?ID=10334 .

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About Schaeffer's Investment Research (www.SchaeffersResearch.com)

Schaeffer's Investment Research, founded by Bernie Schaeffer in 1981, is a financial information and trading resources company. It publishes Bernie Schaeffer's Option Advisor, the nation's leading options subscription newsletter. The firm's contrarian approach focuses on stocks with technical and fundamental trends that run counter to investor expectations. The firm's website, http://www.SchaeffersResearch.com , is recognized as one of the leading information sources for stock and options traders and was cited as the top options website by both Forbes and Barron's. Click here for more details about Schaeffer's trading methodology: http://www.SchaeffersResearch.com/method .