SARASOTA, Fla., June 15, 2004 (PRIMEZONE) -- Investors may want to keep an eye on this company, DigitalRooster.com (OTCBB:DGRLF). DIGITALROOSTER.com LTD., a world leader in the marketing and billing solutions of online entertainment, currently owns and operates more than 15 consumer web sites in addition to 50 vanity domains of significant value. Digital Rooster has also developed a significant source of revenue by selling traffic from its own websites to other websites.
After the bell Monday the company announced that they have formed a sales team in order to address growing demand for their hotel based advertising products. As previously reported advertising sales have been strong from the outset and with the first hotel property up and running the company is ready to start scaling its product categories rapidly both in the current property as well as in anticipation of adding new properties. The company expects revenue will be much stronger as a result. An IR package is available via online at www.digitalrooster.com. DGRLF is currently trading at .23 a share.
On the Nasdaq, Broadcom Corporation (Nasdaq:BRCM), announced Monday that it has settled all outstanding patent and antitrust litigation with Microtune, Inc. (Nasdaq:TUNE). Under the settlement agreement, all outstanding claims in pending litigation between the parties will be dismissed with prejudice. The parties also entered into reciprocal releases covering all asserted and unasserted claims. Shares of Microtune rose 72 cents to $3.95. Broadcom stock fell $1.20 to $42.02.
Also on the Nasdaq, Ctrip.com International, Ltd. (Nasdaq:CTRP), a Cayman Islands company, "understands that on June 14, 2004, certain existing shareholders of Ctrip entered into a stock purchase agreement with Rakuten, Inc., a Japanese public company listed on the JASDAQ market (ticker: 4755.jp), pursuant to which Rakuten would acquire, in a private transaction, a total of 6,645,000 ordinary shares of Ctrip (convertible into 3,322,500 ADSs) from these shareholders at a purchase price of US$16.50 per ordinary share (equivalent to US$33.0 per ADS)." CTRP traded 481,133 shares Monday to end at $34.27, up 5.27 (18.17%).
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