Taser Up on Contract

The Taser ( TASR) love-in continued Tuesday morning as the stock gapped higher after the company announced a $780,000 follow-on order with the San Jose police department.

Taser, which refers to its stun guns as "advanced less-lethal weapons," said the department ordered 629 of its Taser X26s to augment the 162 Advanced Taser M26s already in use on the force.

The stock, which because of various mechanics affecting short-sellers regularly rises 10% on no news at all, was recently up $3.28, or 4.9%, to $77.57. The stock cost about $1.60 a year ago.

In the year to December 2003, billion-dollar market cap Taser earned $4.45 million on sales of $24.5 million.

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