WESTON, Fla., Feb. 24, 2004 (PRIMEZONE) -- Wall Street News Alert's "stocks to watch" this morning are: Airbee Wireless Inc. (Other OTC:ABEW), Overstock.com Inc. (Nasdaq:OSTK), Thinkpath Inc. (OTCBB:THTHF) and International Business Machines (NYSE:IBM).
Aggressive investors may be watching Airbee Wireless Inc., (Other OTC:ABEW) this morning! Yesterday after the markets closed, the company, innovators of intelligent software for wireless communications, issued a press release announcing it has unveiled the second application in its UltraLite(tm) Medium Access Control ("MAC") software series! The Airbee UltraLite(tm) MAC is an intelligent wireless protocol stack software that facilitates communications for short-range wireless devices.
This could be great news for investors! Airbee software enables consumer and business devices to connect to each other over short distances without using wires. The company's overall platform facilitates both machine-to-machine and people-to-machine voice and data connections, typically ranging up to 900 feet for voice and 240 feet for data. System integration testing is currently underway, and the finished product is expected to be available for customers by the end of the first quarter.
"The Star product is an ideal solution to wirelessly connect devices in the home automation, home security and industrial automation spaces," said Airbee's Chief Technical Officer, Ram Satagopan. "This expansion of our product base is a major step toward our goal of supplying the MAC software stack to fit a variety of applications in numerous network topologies and standards."
The stock closed yesterday at fifty-one cents a share.
In case you are not familiar with the company: Airbee Wireless develops and licenses innovative, intelligent software for wireless communications. The technology is embedded on microchips for use in many applications and devices serving the consumer and business marketplace. The company's competitive edge is attributed to utilizing a software approach vs. a hardware approach -- enabling it to provide lower cost, greater flexibility and shorter time to market for its customers.
Stocks showing interesting activity yesterday were: Overstock.com Inc. (Nasdaq:OSTK) up 7.2% on 2.4 million shares traded, Thinkpath Inc. (OTCBB:THTHF) even on 28.5 million shares traded and International Business Machines (NYSE:IBM) down 1.3% on 6.6 million shares traded.
Commentary: Four Economic Indicators
"Consumer Confidence: Since 1946, the University of Michigan has tried to gauge the economic condition and direction by asking consumers how they feel. The consumer confidence survey is pegged to a 1966 benchmark equal to 100 points. It hit a low of 51.7 points in 1980, a high of 112 points in January 2000, and currently is reading 93.1 points. Unlike other indicators, consumer confidence is based on perceived and not exact numbers," stated Sonja Rudd in Wall Street News Alert's daily commentary continued at: http://www.WallStreetNewsAlert.com
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