WESTON, Fla., Aug. 3, 2004 (PRIMEZONE) -- Wall Street News Alert's "stocks to watch" this morning are: Amedia Networks (OTCBB:AANI), Cox Communications Inc. (NYSE:COX) and Cablevision Systems Corp. (NYSE:CVC), Armor Holdings Incorporated (NYSE:AH).
Aggressive investors will want to watch Amedia Networks. (OTCBB:AANI) this morning! Yesterday the company issued a press release announcing that it has expanded its technology licensing agreement with Lucent Technologies.
This could be good news for investors! According to the press release, Lucent has also delivered to Amedia Networks several Bell Labs-developed technology designs for Amedia Networks PG1000 (Premises Gateway) and the AS5000 (Aggregator Switch).
Amedia Networks PG1000 and AS5000 are designed to industry Ethernet standards, and are engineered to seamlessly interface with existing Ethernet equipment. Amedia Networks gateway and switch can be installed in existing networks in global markets, thus providing an end-to-end fiber-to-the-premise (FTTP) solution. Both products can be ordered now and are expected to be generally available in the fourth quarter of 2004.
Keep your eyes on this company! As Amedia Networks continues to develop state-of-the-art Ethernet and IP technologies for the broadband access market, it is expanding development work for additional enhancement features for all its products. In support of this ongoing strategy, Amedia Networks has entered into a supplemental agreement with Lucent, who will provide additional technology designs for further product enhancements for the PG1000 and AS5000. This work is expected to be completed by the fourth quarter of 2004.
The enhanced design of Amedia Networks CS1200 Core Switch, includes new features to broaden its market applications, design improvements to significantly reduce its production cost and adds a rich suite of software features to improve traffic management and security. This work is expected to be completed early in 2005.
The stock closed yesterday at $1.11 a share.
In case you are not familiar with the company: Amedia Networks is engaged in the design, development, and implementation of Ethernet solutions to the Fiber-to-the-Premises (FTTP) broadband access market. The company's solutions are being designed to provide secure, high performance, scalable and reliable customer premises, access aggregator, and central office equipment enabling high-speed Internet access, video applications, and Voice over Internet Protocol (VoIP) services to end customers in a cost effective manner. For more information about Amedia Networks visit www.amedianetworks.com.
Stocks showing interesting activity yesterday at the close of the regular trading day were: Cox Communications Inc. (NYSE:COX) up 20.2% on 28.7 million shares traded, Cablevision Systems Corp. (NYSE:CVC) up 10.7% on 5.9 million shares traded and Armor Holdings Inc. (NYSE:AH) up 7.8% on 2.1 million shares traded.
Commentary:
"July was a struggle in the index cycle, but last week all of the markets picked-up steam and managed to end the month on a positive note," stated Sonja Rudd in Wall Street News Alert's daily commentary continued at: http://www.WallStreetNewsAlert.com.
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