Red Herring Small Cap Winners Red Herring Small Cap Finalists 

Red Herring Small Cap 100 Finalists

The Red Herring has narrowed the field of contenders for its Small Cap 100 list to two hundred companies:

Company

Ticker

Country

Aastra Technologies Ltd.

TSX:AAH

Canada

ADE Corp.

NasdaqNM:ADEX

USA

Advanced Digital Information Corp.

NasdaqNM:ADIC

USA

Aeroflex Inc.

NasdaqNM:ARXX

USA

Aftek Infosys Ltd.

BSE:530707

India

Albany Molecular Research Inc.

NasdaqNM:AMRI

USA

Allscripts Healthcare Solutions Inc.

NasdaqNM:MDRX

USA

Altiris Inc.

NasdaqNM:ATRS

USA

American Science & Engineering Inc.

NasdaqNM:ASEI

USA

American Vanguard Corp.

AMEX:AVD

USA

Analogic Corp.

NasdaqNM:ALOG

USA

AngioDynamics Inc.

NasdaqNM:ANGO

USA

Ansoft Corp.

NasdaqNM:ANST

USA

Aspect Medical Systems, Inc.

NasdaqNM:ASPM

USA

Audible, Inc.

NasdaqNM:ADBL

USA

Aveva Group plc

LSE:AVV

United Kingdom

Bankrate Inc.

NasdaqNM:RATE

USA

Bel Fuse Inc.

NasdaqNM:BELF.B

USA

Bell Microproducts Inc.

NasdaqNM:BELM

USA

Bentley Pharmaceuticals Inc.

NYSE:BNT

USA

Bio-Reference Laboratories Inc.

NasdaqNM:BRLI

USA

Blackbaud Inc.

NasdaqNM:BLKB

USA

Blackboard Inc.

NasdaqNM:BBBB

USA

Brightpoint Inc.

NasdaqNM:CELL

USA

Cabcharge Australia Ltd.

ASX:CAB

Australia

Cadmus Communications Corp.

NasdaqNM:CDMS

USA

Cal-Comp Electronics (Thailand) Public Co. Ltd.

SET:CCET

Thailand

Ceradyne Inc.

NasdaqNM:CRDN

USA

Cheng Uei Precision Industry

TSEC:2392

Taiwan

China Medical Technologies Inc.

NasdaqNM:CMED

China

Cohu Inc.

NasdaqNM:COHU

USA

Comba Telecom Systems Holdings Ltd.

SEHK:2342

Hong Kong

Computer Programs & Systems Inc.

NasdaqNM:CPSI

USA

Concur Technologies, Inc.

NasdaqNM:CNQR

USA

Core Laboratories NV

NYSE:CLB

Netherlands, The

Covansys Corp.

NasdaqNM:CVNS

USA

Cryptologic Inc.

TSX:CRY

USA

Ctrip.com International Ltd.

NasdaqNM:CTRP

USA

Cutera Inc.

NasdaqNM:CUTR

USA

CV Technologies Inc.

CDNX:CVQ

Canada

CyberGuard Corp.

NasdaqNM:CGFW

USA

CyberOptics Corp.

NasdaqNM:CYBE

USA

CyberSource Corp.

NasdaqNM:CYBS

USA

Daeduck Electronics Co. Ltd.

KOSE:A008060

Korea

Dendrite International Inc.

NasdaqNM:DRTE

USA

Detica Group plc

LSE:DCA

United Kingdom

Digitas Inc.

NasdaqNM:DTAS

USA

Dong Wha Pharmaceutical Industries Co. Ltd.

KOSE:A000020

Korea

Dot Hill Systems Corp.

NasdaqNM:HILL

USA

Draxis Health Inc.

NasdaqNM:DRAX

Canada

eCollege.com

NasdaqNM:ECLG

USA

EDO Corp.

NYSE:EDO

USA

EFJ Inc.

NasdaqNM:EFJI

USA

Elbit Systems Ltd.

NasdaqNM:ESLT

Israel

Elcoteq SE

HLSE:ELQAV

USA

Electro Scientific Industries Inc.

NasdaqNM:ESIO

USA

Elite Semiconductor Memory Technology Inc

TSEC:3006

Taiwan

Encore Medical Corp.

NasdaqNM:ENMC

USA

Enerchina Holdings Ltd.

SEHK:622

China

EnerSys

NYSE:ENS

USA

Epicor Software Corp.

NasdaqNM:EPIC

USA

EPIQ Systems Inc.

NasdaqNM:EPIQ

USA

eResearchTechnology Inc.

NasdaqNM:ERES

USA

Escala Group Inc.

NasdaqNM:ESCL

USA

Essex Corp.

NasdaqNM:KEYW

USA

Esterline Technologies Corp.

NYSE:ESL

USA

Exponent Inc.

NasdaqNM:EXPO

USA

Fabasoft AG

DB:FAA

Germany

Fargo Electronics Inc.

NasdaqNM:FRGO

USA

FARO Technologies Inc.

NasdaqNM:FARO

USA

Fast Search & Transfer ASA

OB:FAST

USA

First Horizon Pharmaceutical Corp.

NasdaqNM:FHRX

USA

Flamel Technologies SA

NasdaqNM:FLML

France

Fonar Corp.

NasdaqSC:FONR

USA

Fuji Electronics Co. Ltd.

TSE:9883

Japan

Fundtech Ltd.

NasdaqNM:FNDT

USA

Geodesic Information Systems Ltd.

BSE:503699

USA

GES International Ltd.

SGX:G01

Singapore

Given Imaging Ltd.

NasdaqNM:GIVN

Israel

GSI Commerce Inc.

NasdaqNM:GSIC

USA

Guangzhou Pharmaceutical Co. Ltd.

SEHK:874

China

Hanmi Pharmaceutical Co. Ltd.

KOSE:A008930

Korea (South)

HiQ International AB

OM:HIQ

Sweden

Holy Stone Enterprise Co. Ltd.

TSEC:3026

Taiwan

Hyflux Ltd.

SGX:600

Singapore

ILOG SA

NasdaqNM:ILOG

USA

Impax Laboratories Inc.

OTCPK:IPXL

USA

Infortrend Technology Inc.

TSEC:2495

Taiwan

InfoSpace Inc.

NasdaqNM:INSP

USA

Integral Systems Inc.

NasdaqNM:ISYS

USA

Intermagnetics General Corp.

NasdaqNM:IMGC

USA

IRESS Market Technology Ltd.

ASX:IRE

Australia

IRIS International Inc.

NasdaqNM:IRIS

USA

Ixia

NasdaqNM:XXIA

USA

IXYS Corp.

NasdaqNM:SYXI

USA

J2 Global Communications, Inc.

NasdaqNM:JCOM

USA

JDA Software Group Inc.

NasdaqNM:JDAS

USA

Kinsus Interconnect Technology Corp.

TSEC:3189

Taiwan

Knot Inc.

NasdaqNM:KNOT

USA

Komag Inc.

NasdaqNM:KOMG

USA

La Cie Group SA

ENXTPA:LAC

France

LaBarge Inc.

AMEX:LB

USA

Laserscope

NasdaqNM:LSCP

USA

Lawson Software Inc.

NasdaqNM:LWSN

USA

LifeCell Corp.

NasdaqNM:LIFC

USA

Linktone Ltd.

NasdaqNM:LTON

China

Lipman Electronics Engineering Ltd.

NasdaqNM:LPMA

Israel

Lite-On Semiconductor Corp

TSEC:5305

Taiwan

LoJack Corp.

NasdaqNM:LOJN

USA

Macrovision Corp.

NasdaqNM:MVSN

USA

ManTech International Corp.

NasdaqNM:MANT

USA

Mapinfo Corp.

NasdaqNM:MAPS

USA

Medicines Co.

NasdaqNM:MDCO

USA

Meridian Bioscience Inc.

NasdaqNM:VIVO

USA

Merry Electronics Co. Ltd.

TSEC:2439

Taiwan

Metrologic Instruments Inc.

NasdaqNM:MTLG

USA

MFS Technology Ltd.

SGX:5BM

Singapore

Micronic Laser Systems AB

OM:MICR

Sweden

MicroStrategy Inc.

NasdaqNM:MSTR

USA

Mingyuan Medicare Development Company Ltd.

SEHK:233

China

MIPS Technologies Inc.

NasdaqNM:MIPS

USA

Mitac Technology Corp.

TSEC:3005

Taiwan

MKS Instruments Inc.

NasdaqNM:MKSI

USA

Molecular Devices Corp.

NasdaqNM:MDCC

USA

Morphosys AG

DB:MOR

germany

Motech Industries Inc.

6244

Taiwan

MRO Software Inc.

NasdaqNM:MROI

USA

Multi-Fineline Electronix Inc.

NasdaqNM:MFLX

USA

MYOB Ltd.

ASX:MYO

Australia

Neoware Systems Inc.

NasdaqNM:NWRE

USA

Neurosearch A/S

CPSE:NEUR

Denmark

NICE-Systems Ltd.

NasdaqNM:NICE

USA

Nordic Semiconductor ASA

OB:NOD

Norway

Northgate Information Solutions plc

LSE:NIS

UK

Novatel Wireless Inc.

NasdaqNM:NVTL

USA

OmniVision Technologies Inc.

NasdaqNM:OVTI

USA

Online Resources Corp.

NasdaqNM:ORCC

USA

Open Solutions Inc.

NasdaqNM:OPEN

USA

Open Text Corp.

NasdaqNM:OTEX

Canada

Option NV

ENXTBR:OPTI

Belgium

OraSure Technologies Inc.

NasdaqNM:OSUR

USA

Orbotech Ltd.

NasdaqNM:ORBK

Israel

Packeteer Inc.

NasdaqNM:PKTR

USA

Palomar Medical Technologies Inc.

NasdaqNM:PMTI

USA

PDF Solutions Inc.

NasdaqNM:PDFS

USA

Per-Se Technologies Inc.

NasdaqNM:PSTI

USA

Pharmion Corp.

NasdaqNM:PHRM

USA

Phison

8299

Taiwan

Phoenix Precision Technology Corp.

TSEC:2446

Taiwan

Photronics Inc.

NasdaqNM:PLAB

USA

Q-Med AB

OM:QMED

Sweden

Quality Systems Inc.

NasdaqNM:QSII

USA

QXL Ricardo plc

LSE:QXL

U.K.

Retalix Ltd.

NasdaqNM:RTLX

Israel

Rimage Corp.

NasdaqNM:RIMG

USA

Rofin-Sinar Technologies Inc.

NasdaqNM:RSTI

Germany

Salix Pharmaceuticals Ltd.

NasdaqNM:SLXP

USA

Sapient Corp.

NasdaqNM:SAPE

USA

Saunalahti Group Oyj

HLSE:SAG1V

Finland

Secure Computing Corp.