With all the hysteria about global warming and the impact that it will have on the globe, I found it quite funny that the National Oceanic and Atmospheric Administration (NOAA) reported yesterday that we just experienced the coldest winter since 2001. Hey Al Gore -- how can that be? I remember when I was growing up, in the mid- 1970's, Newsweek magazine had a cover story about the beginning of the ice age. Amazing what can happen in 25 years. We can go from an ice age, to global warming. Not bad.

According to the NOAA report:

"In the contiguous United States, the average winter temperature was 33.2°F (0.6°C), which was 0.2°F (0.1°C) above the 20th century average – yet still ranks as the coolest since 2001. It was the 54th coolest winter since national records began in 1895. "

Why not ask the Chinese about global warming? They just experience a horribly snowy winter which has been a major cause of inflation. Extreme cold temperatures were the norm this winter. Over the last 150 years or so the global mean temperature has increased by 0.7 degrees Celsius. This small amount of warming is not unusual, and falls well within the range of variation for both warming a cooling.

Globecomm Systems Inc. (NASDAQ: GCOM), provider of satellite-based communications infrastructure, including both hardware and software, hit a high for the year on 15 October, closing at $16.04, up $0.91 for the day. The rise in stock price comes on the heels of two recent contract awards. Globecomm has joined with the National Hockey League (NHL) to provide streaming feeds of up to 30 simultaneous games to subscribers of NHL's Center Ice package. In a completely different venue, Globecomm also won a contract from the National Oceanic and Atmospheric Administration (NOAA) to build a networked prototype so that all weather-related information, particularly information on hazardous weather, can be merged into one location.

As a results of these contracts, and the acquisition of Global Sat earlier in the year, Globecomm posted a month ago record revenue for both fiscal 4Q 2007 as well as for FY 2007. For the fiscal 4Q, Globecomm posted revenues of 49.2 million, an increase of 38%. Revenue is divided into 2 segments: infrastructure solutions revenue, which was up 29%, and service revenue, which increased 77%. The results are the same for FY 2007. Revenue increased 20% to $150.7 million, with service revenue increasing over 28%.

CFO David Herschberg predicts that Globecomm will post record revenues of $190-$200 million in FY 2008, with diluted EPS of $0.70. Such rsults are entirely possible. Globecomm won part of a 5 year, $5 billion US Army telecommunications contract, as well as a NATO contract to develop a friendly-forces tracing system to prevent friendly-fir deaths. Globecomm has been in Asia constructing a $26 million media processing center. Although on a much smaller scale, Globecomm is beginning to rebuild the telecommunications infrastructure in Afghanistan, and bring wireless communications to rural Alaska.

The stock opened the year trading at $8.85 and is on its way to doubling in 10 months, with no signs of slowing down. In a few months, the current share price of $16 may seem like a real bargain.