WESTON, Fla., Dec. 17, 2003 (PRIMEZONE) -- Wall Street News Alert's "stocks to watch" this morning are: eLinear Inc. (OTCBB:ELIN), Nextel Communications (Nasdaq:NXTL), Yahoo! Inc. (Nasdaq:YHOO) and Nokia Corporation (ADR) (NYSE:NOK).
Aggressive investors will want to watch eLinear Inc. (OTCBB:ELIN) again this morning! Yesterday after the markets closed, the company issued a press release announcing that it has received a one-year professional services contract from a major natural gas pipeline company! This company operates more than 10,000 miles of mainline natural gas pipelines extending from the Gulf of Mexico to the Midwest and Canada.
This news could interest investors! Kevan Casey, CEO of eLinear, stated, "We are excited about this contract to provide professional services. This adds to our long-term goal of creating recurring revenue streams from all of our business segments which will ultimately increase our shareholder value."
eLinear has previously reported third quarter results and a 130% increase in revenue over the same period of the prior year. eLinear has also announced relationships with Hewlett Packard, Microsoft and Samsung.
Keep your eye on this one! eLinear Inc. is a technology consulting services firm providing strategic consulting solutions, creative Web site design, Web site content management software, network and storage solutions and technical project management and development services to companies seeking to increase productivity or reduce costs through investing in technology. NetView Technologies Inc., a subsidiary of eLinear, is a proven information technology solutions provider for the commercial and institutional market. According to the company's press release, eLinear and its subsidiaries, NetView Technologies and NewBridge Technologies, are now projecting revenue for fiscal 2003 of $13,800,000. eLinear has a customer base that includes small, medium and large corporate and institutional customers primarily in Houston. The stock closed yesterday at $1.96.
Stocks showing interesting activity yesterday were: Nextel Communications (Nasdaq:NXTL) up .95% on 8.3 million shares traded, Yahoo! Inc. (Nasdaq:YHOO) down 3.6% on 14.7 million shares traded and Nokia Corporation (ADR) (NYSE:NOK) up .23% on 15.4 million shares traded.
Commentary:
"Prices for consumer goods fell in November 0.2 percent, the largest drop since April, according to the Labor Department. Core inflation (excluding volatile food and energy pricing), fell 0.1 percent for November. It was the first decline in the core rate since December of 1982," stated Sonja Rudd in Wall Street News Alert's daily commentary continued at: http://www.WallStreetNewsAlert.com.
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