WESTON, Fla., Sept. 14, 2004 (PRIMEZONE) -- Wall Street News Alert's "stocks to watch" this morning are: E-Mobile Information Technologies (Pink Sheets:EMTK), Mobius Management Systems (Nasdaq:MOBI), Silicon Graphics Inc. (NYSE:SGI) and Altera Corp. (Nasdaq:ALTR).
Aggressive investors and traders will be watching E-Mobile Information Technologies (Pink Sheets:EMTK) this morning! Yesterday after the markets closed, the company issued a press release announcing a profit-sharing partnership agreement with Shanghai DaLiang Advertising Co, which provides access to 4 additional and significant book publishers in China!
This could be more great news for investors! Mbook, a mobile publishing model, is a new, inventive way to publish and distribute written materials such as books, magazines, and newspapers to readers, via their "smart" phones in the proprietary format, Universal Mobile Document (UMD), created by CHL Technologies.
This rapid addition of Chinese book publishing houses reflects the marked interest in serving this market venue -- which provides substantial benefits for both readers and publishers. Readers can now store books on their "smart" phones for less than 75% the cost of their hardcover equivalents. The information is highly mobile and is available anytime, anyplace and is extremely convenient to use while in transit. Publishers avoid heavy publication costs and have a new outlet to sell their material at a low-cost with a high profit potential.
Investors should continue to watch this company as it maintains great news! Yesterday the company issued another press release announcing the completion of a definitive agreement to acquire RFTune, Inc., a Canadian-based maker of "Smart Antenna" chips that provide a material improved performance for mobile handsets, PDAs, and laptops for less than 1/6th the cost of competitive products.
According to the press release, The "Smart Antenna" chips expand a cell phone's capabilities by increasing network capacity, doubling the phone's range, and by enhancing the quality of voice and data services. With a "smart antenna" chip, signal fade and interference are diminished, while the cell phone's range is increased and battery life is extended.
Just last week, we reported on the company's press release announcing Nokia, China has now requested E-Mobile's wholly owned subsidiary, CHL Technologies, to provide high resolution pictures, application description, and slogan as soon as possible to Nokia, China, so that they can begin to recommend CHL's Mobile Book in the Nokia in-box service brochure!
The stock closed yesterday at Seventy-Four cents a share.
In case you are not familiar with the company: CHL Technologies, a wholly-owned Subsidiary of E-Mobile Technologies Inc., is taking a different road from most mobile application and content groups whose primary focus is Java, SMS, and MMS, CHL Technologies focuses on developing and marketing innovative mobile applications and wireless value added services for smart phones. The result is that CHL Technologies is ahead of its competitors in ready applications and contents for the new smart phone, putting the company at an excellent position for the up-coming 3G content market.
Stocks showing interesting activity yesterday at the close of the regular trading day were: Mobius Management Systems (Nasdaq:MOBI) up 12% on 1 million shares traded, Silicon Graphics Inc. (NYSE:SGI) up 7.2% on 2.9 million shares traded and Altera Corp. (Nasdaq:ALTR) up 4.7% on 14.2 million shares traded.
Commentary:
"US Airways Group Inc., trying to raise money and avoid liquidation, on Monday asked a judge for permission to skip a big pension payment due this week, in its first move since filing for protection against creditors over the weekend. The No. 7 U.S. airline, which filed for its second bankruptcy in as many years on Sunday, got permission to continue operating using money from a loan it secured last year with the help of government guarantees," stated Mario Cardenas in Wall Street News Alert's daily commentary continued at: http://www.WallStreetNewsAlert.com.
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