ATLANTA, Feb. 4, 2004 (PRIMEZONE) -- Market Pulse News Alert for this AM, Stocks to Watch are: New Visual Corporation (OTCBB:NVEI), Cisco Systems (Nasdaq:CSCO), Celeritek Inc. (Nasdaq:CLTK), and Digital Lightwave Inc. (Nasdaq:DIGL).
Investors need to be watching New Visual Corporation (OTCBB:NVEI) this AM. The company issued a press release this morning announcing it is taking aim at the boom market for broadband semiconductors. A product launch could be coming soon! This could be excellent news for investors!
New Visual Corporation (OTCBB:NVEI), an emerging provider of semiconductors to the high-speed data networking industry, is taking aim at the boom market for broadband semiconductors. Fueled by exploding growth in demand for online voice, video, gaming, and data applications on a worldwide basis, telephone companies have asked the Company for new technical solutions to speed up their time to market and lower their costs. New Visual's products will offer a unique and powerful answer to the telephone companies' needs.
Code-named Embarq(tm), New Visual's proprietary technology will let telephone companies upgrade the "last mile" portion of their copper access networks to speeds up to 90 megabits per second. Currently, these networks operate at a tenth to a thousandth of this speed. Embarq(tm) operates faster and reaches farther than any other broadband semiconductor. And best of all, an upgrade to Embarq's technology does not involve costly infrastructure improvements to the telecom network.
New Visual is in the advanced prototype stage with Embarq(tm), and is planning to ship the commercial version of the product in the form of an ASIC this year.
The broadband boom is happening around the world and in many different contexts:
-- The Telecommunications Industry Association said spending on high-
speed Internet access in the U.S. rose 41 percent in 2003, and
will grow at a compound annual rate of 17.5 percent through 2007,
rising to an estimated $25 billion. By 2007, TIA predicts, high-
speed subscribers in the U.S. will total 47 million, up from 21.6
million in 2003.
-- Numbers from the DSL Forum also show strong broadband -- and in
particular DSL -- growth worldwide. Globally, the DSL industry
added more than 25 million subscribers in 2003, the Forum said,
bringing the worldwide total to more than 55 million subscribers.
Japan continues to lead the world in total DSL subscribers at 9.2
million, while the U.S. has 8.2 million and China clocks in at 7.8
million. Eleven countries had more than a million DSL subscribers
at the end of September 2003, the forum said, with five of those
countries in Europe. DSL subscriber growth in Portugal shot up 62
percent in just the first half of 2003, while China alone added
more than 2.2 million subscribers during that same time period.
-- According to Forrester Research's Pervasive Gaming, "Subscription-
based Massively Multiplayer Online Games are projected to hit $1
billion in sales by 2005, growing at over 58% annually."
Stocks acting well as of late include: Cisco Systems (Nasdaq:CSCO), Celeritek Inc. (Nasdaq:CLTK), and Digital Lightwave Inc. (Nasdaq:DIGL).
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You should be aware that MP is often compensated for issuing analyses, recommendations or opinions concerning particular companies. Its opinion is therefore not unbiased and you should consider this factor when evaluating MP's statements regarding a company. MP's compensation for New Visual is as follows: New Visual issued to MP, one million shares of New Visual's common stock. The New Visual shares issued to MP were not registered for sale and were therefore restricted as to resale. MP was able to locate a buyer who was willing to acquire its restricted shares of New Visual. MP sold this buyer one million shares of New Visual for proceeds of one hundred thousand dollars. With the proceeds from this private sale of New Visual securities, MP acquired, in the open market, three hundred eighteen thousand two hundred and sixty shares of New Visual for seventy three thousand nine hundred and sixty dollars. MP, in a separate, negotiated transaction, acquired directly from an existing shareholder, a block of four hundred eighty one thousand seven hundred and forty shares of New Visual for a total purchase price of twenty seven thousand and one dollars. An additional four hundred thousand restricted shares are pending from New Visual. Other than the one million shares of New Visual restricted shares previously mentioned, MP has not sold any other shares of stock in New Visual to date. MP's officers and directors reserve the right to buy additional shares of the company discussed in this opinion and may profit in the event those shares rise in value. When MP receives free trading shares as compensation for a profiled company, MP may sell part or all of any such shares during the period in which MP is performing such services. Market Pulse News Alert is a division of MP.