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Following is the list of top tech gainers from yesterday:

Company

Ticker

% Gain

ShoreTel

SHOR

15.19%

Chart Industries

GTLS

13.09%

Diodes

DIOD

8.82%

Online Resources Corporation

ORCC

7.01%

Here are some of the specifics about these stocks, and what to expect from them going forward:

ShoreTel gained 15.19% yesterday. ShoreTel is an interesting story in the IP telecommunications space to go long on. The total cost of ownership for ShoreTel gear is much lower than at Cisco (CSCO) and Avaya. However, thanks to poor sales coverage, the company was not realizing its full potential in the past. ShoreTel is now aggressively hiring sales personnel, which could help its topline growth significantly going forward. The company added 37 salesmen in FY2010, increasing the number to 132 from 95 in 2009. It added an additional 41 salesmen in the first two quarters of FY2011. Further, it intends to bring the total number of salesmen to 215 by the end of current fiscal. This would help it substantially in increasing revenues.

Although margin improvement is more of a 2012 and 2013 story, the stock is likely to outperform in the near- to medium-term as investors better understand the company’s potential and topline growth confirms that things are headed in the right direction.

Chart Industries gained 13.09% yesterday. Chart Industries is likely to benefit from an increase in Japanese LNG demand going forward. Last year, natural gas accounted for 40% of Japan’s electricity production, while nuclear was 27%. Around 25% of Japan’s nuclear capacity is now shut off as a result of the earthquake and problems at Fukushima Daiichi and Fukushima Daini nuclear plants. It might take at least a couple of years for this nuclear capacity to come back on track.

LNG is likely to make up for the lost nuclear production, and Japan’s LNG consumption could increase by the mid-teens in 2012. This is good news for Chart Industries, as it is likely to see more demand for its heat exchangers which are used in mid-scale LNG export projects -- which are less capital-intensive and have shorter turnaround time, and thus are best suited in the current scenario. The stock is likely to outperform in the near- to medium-term.

Diodes gained 8.82% yesterday. Diodes is likely to benefit from incremental customer demand due to semiconductor supply disruptions at competitor plants in Japan. Diode has no production facilities in Japan. On the other hand, several of its discrete semiconductors peers like Texas Instruments (TXN), Renesas (OTCPK:RNECY) and ON Semiconductor (ONNN) have meaningful exposure in Japan and have announced publicly that the earthquake will negatively impact their capacities. Thus, Diode would be able to gain share from its competition over the next several quarters, and the stock is likely to outperform in the near- to medium-term.

Online Resources Corporation gained 7.01% yesterday. ORCC is down 35 % in the last two trading sessions after its management decided not to accept any of the buyout offers it might have received in Q1. Instead, management outlined its strategic plan to restore growth and expand profitability in the next two years. Management goals include top line growth in the mid-teens by 2013 and adjusted Ebitda margins in the mid-20s range by 2013. Management has outlined several initiatives to reach these goals on their conference call. I would suggest a wait-and-watch approach, closely monitoring how the company is progressing on its strategic plan before taking any position in the stock.

Source: Top Tech Gainers From Yesterday and What to Expect Now