Dutton Associates Announces Investment Opinion: LogicVision Rating Maintained at...

Dutton Associates Announces Investment Opinion: LogicVision Rating Maintained at Strong Speculative Buy in Update Coverage by Dutton Associates

ROSEVILLE, Calif.--(Business Wire)--
Dutton Associates updates its coverage of LogicVision (Nasdaq:
LGVN) maintaining its rating at Strong Speculative Buy and a $2.20
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. This is a technique of designing
additional hardware and software features into integrated circuits
(ICs) to allow them to perform self-tests using their own circuits, as
opposed to the older method that employs external automated test
equipment (ATE). The main driver for the widespread development and
use of BIST techniques is the growing complexity of IC's. BIST helps
designers better evaluate the functionality and performance of their
devices throughout each stage of a complex semiconductor's life cycle.
BIST is 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. Digital consumer devices, including
automotive devices, account for 95 percent of its business. The most
important recent developments and drivers for the Company are the
renewals of existing contracts, such as that with Broadcom, and the
signing of new contracts, such as the one with Qualcomm. We find the
Company to be a compelling, if speculative, investment opportunity. We
believe LogicVision has never had a better opportunity to see its
technology experience fast and widespread adoption. Our target price
is based on an average price-to-sales multiple of 1.5x, which we
extracted from a list of companies in LogicVision's industry. This
target price reduction largely reflects the Company's revised sales
expectations and pushing expected profitability into 2009.

About Dutton Associates

Dutton Associates is one of the largest independent investment
research firms in the U.S. Its 30 senior analysts are primarily CFAs,
and have expertise in many industries. Dutton Associates provides
continuing analyst coverage of over 140 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.

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

Copyright Business Wire 2008