SARASOTA, Fla., Sept. 21, 2004 (PRIMEZONE) -- The following is an investment opinion issued by eLocity Inc.:
Environmental Technologies International Inc. (Pink Sheets:EMTI), Silicon Storage Technology Inc. (Nasdaq:SSTI), Tekelec (Nasdaq:TKLC) and Universal Guardian Holdings (OTCBB:UGHO).
Tuesday's Alert:
Investors may want to swing over and check out a still little known penny stock company trading at around .08 a share. The company known as Environmental Technologies International Inc. (Pink Sheets:EMTI), announced on Monday after the closing bell "that its wholly owned subsidiary, Finderguard Technologies, Inc., has reported excellent interim results from the nationwide beta testing of its new data security product, Computer-Guard(tm). A unique solution to information protection, Computer-Guard(tm) provides a low-cost, highly effective solution to securing confidential data on unattended desktop and laptop computers..." Computer-Guard(tm) directly addresses what has emerged in recent years as an international epidemic - THEFT OF COUNTLESS BILLIONS OF DOLLARS OF VALUABLE AND CRITICAL COMPUTER DATA. Essentially, the Computer-Guard(tm) system protects the user's information by rendering the computer useless whenever the authorized user is away from the machine."
Have a look at Environmental Technologies today.
On the Nasdaq
Silicon Storage Technology Inc. (Nasdaq: SSTI)
Monday after the bell, supplier of flash memory semiconductor devices Silicon Storage Technology Inc. lowered its third quarter revenue guidance range to $100 to $110 million from its previous guidance of $130 to $145 million. The company also revised its earnings per share guidance range to $0.15 to $0.17 from its earlier guidance of $0.16 to $0.21. On average, 7 analysts expect the company to earn $0.18 per share for the quarter.
The company attributed the lowering of guidance to a substantial decline in digital consumer shipments, particularly in the DVD player segment. Silicon Storage stated that it has realized manufacturing cost improvements, due to its successful transition to new manufacturing technologies.
The company said it now now expects gross margins to be in the range of 34 to 37 percent, up from its previous guidance of 32 to 35 percent. SSTI will announce its third quarter financial results on Oct. 20, 2004.
SSTI closed Monday's regular trading session at $6.47, up $0.14.
Tekelec (Nasdaq: TKLC)
Tekelec, a supplier of telecommunications products, announced after the closing bell Monday that it has acquired VocalData Inc., a provider of hosted Internet protocol telephony applications that enable the delivery of advanced telecom services and applications to business and residential customers, for $27.5 million.
Tekelec stated that with the acquisition, the company enables operators to deliver time division multiplex and IP services such as IP Centrex, hosted PBX services and voice virtual private networking as they migrate to next-generation networks. The company added that it purchased 100% of VocalData's outstanding stock for about $27.5 million, consisting of $14.5 million of cash and about 780 thousand common shares of Tekelec, or $13.0 million, and said that it expects the transaction to have no impact on its third quarter results, excluding any potential non-cash, in-process research and development charge
TKLC closed Monday's trade at $16,73, down 51 cents, on a volume of 1.51 million shares.
Universal Guardian Holdings (OTCBB: UGHO)
Security products company Universal Guardian Holdings stock soared Monday on extremely high volume of 36,058,836 shares, more than 80 times its average daily volume. The stock moved similarly last Friday, when it traded over 15 million shares after the company introduced its Shield Defense Cobra StunLight(R) Non-Lethal Products at its worldwide senior management conference in Zurich, Switzerland, that will feature live action demonstrations of the product's features and capabilities which include the advantage over existing products, like the Taser, of being able to fire multiple times without the need to reload.
The company said the meeting will bring together Senior Managers and Regional Directors from Universal Guardian's Shield Defense and Secure Risks Ltd. subsidiaries who will coordinate operational and cross-marketing strategies designed to penetrate government, military, law enforcement and commercial markets on every continent.
"We are excited to have completed the development of our products and have reached the stage where we will market these products through our Secure Risks global distribution channel in order to demonstrate to the world what a leading edge non-lethal product can do," said Universal Guardian's CEO Michael Skellern.
Shares of UGHO closed Monday's trading session at $2.59, up 0.79.
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