WESTON, Fla., Jan. 21, 2004 (PRIMEZONE) -- Wall Street News Alert's "stocks to watch" this Wednesday morning are: Wellstone Filters, Inc. (OTCBB:WLSF), PECO II Inc. (Nasdaq:PIII), WorldGate Communications (Nasdaq:WGAT) and Trident Microsystems Inc. (Nasdaq:TRID).
Aggressive investors need to be watching Wellstone Filters Inc. (OTCBB:WLSF) this morning! Yesterday after the markets closed, the company issued a press release announcing that it is continuing its ongoing discussions with tobacco industry companies regarding its technology! In connection with those discussions, Wellstone is currently upgrading laboratory space and acquiring additional lab equipment to facilitate and accelerate the development of our filter.
This could be great news for investors! Wellstone announced previously that it has developed a granular formulation of its filter technology. The original formulation was implemented by impregnating a standard cellulose acetate filter with a solution of the chemical formulation. Wellstone scientists have developed a granular formulation which can be inserted into a filter cavity such as used for activated charcoal filters. Both formulations are effective, but the development of the new formulation provides potential users of the technology with an alternate manufacturing method.
Keep your eyes on this company! Wellstone Filters, Inc. has developed and patented a chemically selective filter that effectively removes carcinogens and other toxins produced when tobacco is smoked -- without removing the compounds responsible for the pleasurable effects of smoking. Wellstone seeks to promote material for cigarette filters that will enable major cigarette manufacturers to provide consumers with an equally enjoyable cigarette with substantially fewer carcinogens. The stock closed yesterday at thirty-seven cents a share.
Stocks showing interesting activity yesterday were: PECO II Inc. (Nasdaq:PIII) up 16.6% on 2.1 million shares traded, WorldGate Communications (Nasdaq:WGAT) up 23.8% on 2.8 million shares traded and Trident Microsystems Inc. (Nasdaq:TRID) up 20.2% on 1.2 million shares traded.
Commentary: Signs of the times
"Big Blue, IBM, announced last week it would add 15,000 jobs worldwide in 2004 making the company's total workforce around 330,000. Around 4,500 would be in the U.S., tied to growth areas such as software and services. Last week, IBM also said that fourth-quarter earnings more than surpassed Wall Street expectations, doubling them. In the last three months of 2003, IBM earned $2.7 billion, or $1.55 per share on revenues of $25.9 billion. With the new hires, IBM will have the most employees it has had since 1991, when it has 344,000 employed worldwide," stated Sonja Rudd in Wall Street News Alert's daily commentary continued at: http://www.WallStreetNewsAlert.com.
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