SARASOTA, Fla., May 12, 2004 (PRIMEZONE) -- The following is an investment opinion issued by eLocity Inc.:
There were winners across the board on Tuesday as the Nasdaq posted a very impressive increase that more than erased Monday's losses, boosted by continuing strength in the semiconductor index.
Tuesday's price % winner was Linktone Ltd. (Nasdaq:LTON), a leading provider of wireless value-added services to mobile phone users in China. On May 10th Linktone reported "strong results for the first quarter ended March 31, 2004. All currency figures are reported in U.S. dollars. Financial Highlights for Q1 2004 included gross revenue which grew 440% from the first quarter of 2003 and 41% over the fourth quarter ended December 31, 2003 to $9.4 million - Positive cash flow from operations reached $1.1 million." LTON saw much heavy than usual volume Tuesday of 8,582,875 to end at $10.81, UP $2.81 (35.12 %).
Tuesday's volume winner was Cisco Systems, Inc. (Nasdaq: CSCO). On Tuesday Cisco reported its third quarter results for the period ended May 1, 2004. "Net sales for the third quarter of fiscal 2004 were $5.6 billion, compared with $4.6 billion for the third quarter of fiscal 2003, an increase of 21.7 percent, and compared with $5.4 billion for the second quarter of fiscal 2004, an increase of 4.1 percent. Net income for the third quarter of fiscal 2004, on a generally accepted accounting principles (GAAP) basis, was $1.2 billion or $0.17 per share, compared with $987 million or $0.14 per share for the third quarter of fiscal 2003, and compared with $724 million or $0.10 per share for the second quarter of fiscal 2004. Pro forma net income for the third quarter of fiscal 2004 was $1.4 billion or $0.19 per share, compared with $1.1 billion or $0.15 per share for the third quarter of fiscal 2003, and compared with $1.3 billion or $0.18 per share for the second quarter of fiscal 2004." CSCO saw volume Tuesday of 82,233,042 to end at $22.25, UP $0.63 (2.91 %).
Wednesday's Opinion Alert:
Investors may want to swing over and check out a still little known penny stock company trading at around .14 a share. The company known as Environmental Technologies International Inc. (Pink Sheets:EMTI), is involved in two bullish markets, personal home and family security and the Asian region. Environmental Technologies' products currently being developed for specific market applications include short and long-range detection devices that can be hidden in clothing, or on valuables, and that will emit signals to loved ones or owners of articles and valuables for purposes of Identifying, Locating, Tracking, and Retrieving. Environmental Technologies released news Tuesday after the closing bell that Timothy C. Heberlein has been retained as a special consultant to the board of directors. "Combining a unique wealth of experience and expertise in Asian business management, marketing, media, sales, and government affairs, Heberlein's career comprises numerous successes at the senior executive level, including: founder and president of TS Edgewater Consultants (China market & brand communications consulting); 5 years as president of EDELMAN Public Relations Worldwide - China (growing the firm to Number 1 in the China market), 8 years as managing director, Asia-Pacific - Cotton Council International (advancing U.S. cotton's rank as Asia's leading fashion fibre), and serving as an elected governor on the Board of the American Chamber of Commerce - Beijing. Named 'Inc. Magazine's International Salesman of the Year' in 1985, Heberlein was also awarded 'Packaging Systems Design of the Year' while serving as managing partner of Thayne Madrid Marketing & Design Consultants (Singapore)." Have a look at Environmental Technologies today.
In other movers, Certicom Corp. (TSX Venture Exchange:CIC), the authority for strong, efficient cryptography, announced on Tuesday that "Sierra Wireless (NASDAQ:SWIR) (TSX Venture Exchange:SW) has embedded movianVPN by Certicom into its VoqMail Professional Edition (VoqMail Pro) wireless e-mail solution, offered for the new Voq Professional Phone*. As an embedded feature that supports multiple VPN gateways, the solution is designed to offer IT managers minimal administration and a better return on their existing security infrastructure investment." SWIR saw volume Tuesday of 2,489,652 to end at $25.20, UP $3.50 (16.13 %).
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