ICO Global Communications (ICOG)

Market Cap: $375 million

Industry: Wireless Communications

Wireless telecommunication service provider ICO Global Communications ( ICOG) is a development stage mobile satellite service operator. Despite the fact that ICO has not been able to complete any additional satellites since December 2004, the penny stock has one satellite in orbit, and 10 satellites currently in the production stage. ICO has also had a very productive 2010, and is up 37% on the year, compared to small losses by the broader markets. Looking at its last 52 weeks, this penny stock has seen a major increase of 131%.