SARASOTA, Fla., July 29, 2004 (PRIMEZONE) -- The following is an investment opinion issued by eLocity Inc.:
Investors may want to keep an eye on:
Automotive Capital Group, Inc. (Pink Sheets:AOCP) - The Company "Offers Future Guidance of $0.30 Earnings Per Share With $8 Million Revenue Over Next 12 Months." Automotive Capital announced publicly Wednesday after the closing bell its "guidance for the company once the merger of Colfax and Navicom is complete. Colfax Financial has been profitable for over 10 years with the infrastructure for future expansion. Colfax Financial has been profitable for over 10 years with the infrastructure for future expansion. Colfax has two automobile sales lots in Arizona with a strong reputation in the automobile and finance communities. Navicom GPS technology is profitable with over 1,000 units being used currently to track auto/trucks in 98% of the U.S., Mexico, and Canada. The near term goals are to file the form-10 and become a fully reporting company while applying to the American Exchange (AMEX) once all requirements are met. Automotive Capital forecasts $0.30 per share in earnings and $1.00 per shares in revenues over the next 12-months."
AOCP currently trades at around .30 - .45 per share.
JDS Uniphase Corporation (Nasdaq:JDSU) on Wednesday reported results for the fourth quarter and year ended June 30, 2004, in-line with estimates.
Net revenues for the fourth quarter were $174.5 million, and net loss was $24.3 million, or $(0.02) per diluted share. This compares to revenues of $161.4 million and a net loss of $7.3 million, or $(0.01) per share, reported in the third quarter of fiscal 2004, and to revenues of $160.6 million and a net loss of $61.6 million, or $(0.04) per share, for the fourth quarter ended June 30, 2003. Shares of JDSU closed Wednesday's regular trading session down .03 at $3.00, but rose to $3.18 in after hours trading.
Bookham Technology plc (Nasdaq:BKHM), a leading provider of optical components, modules and subsystems for fiber optic communication networks, today announced U.S. GAAP results for the second quarter and the six months ended July 3, 2004 (which, following the recently announced change in fiscal year end made in connection with the proposed change in corporate domicile, is also the company's fiscal year end for 2004). Revenues in the second quarter 2004 were 21.3 million ($38.8 million), in line with management expectations, an increase of 11% from the second quarter 2003 in U.S. Dollar terms, and down from 22.5 million ($41.3 million) in the first quarter 2004. Shares of BKHM closed Wednesday's regular trading session up 0.11 at $0.85, and was trading higher at 0.95 in after hours trading.
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The newsletter is provided by eLocity Inc., an electronic broadcaster and publisher of this newsletter, is here after referred to as "the company". The company received compensation for this newsletter service for Automotive Capital Group, Inc. (Pink Sheets:AOCP) only. The compensation is one hundred thousand free trading shares of AOCP from a non-affiliated third party, Beacon Capital. The company still retains all shares as of the date and time of this release. Because the company received compensation for its services, there is an inherent conflict of interest in the company statements and opinions and such statements and opinions cannot be considered independent.
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