SYSTEMS

Analyst Mark Kelleher of Adams Harkness initiates coverage of Mercury Computer Systems (MRCY.NAS) with a "buy" rating. In a research note published yesterday, the analyst mentions that the company benefits from its position as the leading high-performance digital processing capability supplier in the defense sector, which constitutes 60% of its revenues. Mercury Computer Systems' expansion in the communications sector would boost the company's revenues in the forthcoming years, the analyst believes. Adams Harkness expects the company to invest its free cash in accretive acquisitions in the near future.