WESTON, Fla., Sept. 15, 2004 (PRIMEZONE) -- Wall Street News Alert's "stocks to watch" this morning are: E-Mobile Information Technologies (Pink Sheets:EMTK), Qwest Communications International (NYSE:Q), Akamai Technologies Inc. (Nasdaq:AKAM) and Resources Connection Inc. (Nasdaq:RECN).
Aggressive investors and traders will be watching E-Mobile Information Technologies (Pink Sheets:EMTK) again this morning! Yesterday after the markets closed, the company issued a press release announcing the introduction of CHL Technologies' in-house designed mobile auction platform, which allows Smart phone users to interact with online bidding systems.
Smart phone users are able to auction-off second hand goods and make purchases anytime, anywhere. Under this KJAVA or Symbian application, a Smart phone customer can search, list, sell and buy items on the Internet.
This could be more great news for investors! Management plans to initiate discussions with eBay to incorporate CHL's mobile auction platform into that network.
According to the press release, eBay has targeted China as its second largest investment market and plans to build up its presence there over the next three to five years. eBay's annual sales are projected at $16 billion by 2005 and its CEO, Meg Whitman, views China as the next explosive growth area.
Investors should continue to watch this company! Just recently we reported on the company's 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!!
The stock closed yesterday at sixty-nine 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: Qwest Communications International (NYSE:Q) up 9% on 10 million shares traded, Akamai Technologies Inc. (Nasdaq:AKAM) up 7.6% on 3.2 million shares traded and Resources Connection Inc. (Nasdaq:RECN) up 7.5% on 1.5 million shares traded.
Commentary:
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