WESTON, Fla., Sept. 29, 2004 (PRIMEZONE) -- Wall Street News Alert's "stocks to watch" this morning are: eLinear, Inc. (AMEX:ELU), Ballard Power Systems Inc. (Nasdaq:BLDP), Top Tankers Incorporated (Nasdaq:TOPT) and Nextel Partners, Inc. (Nasdaq:NXTP).
Aggressive investors and traders will be watching eLinear, Inc. (AMEX:ELU) this morning! Yesterday after the markets closed, the company issued a press release announcing that it's wholly owned subsidiary, eLinear Solutions (formerly NetView Technologies, Inc.) has been awarded technology solution orders to be deployed to Iraq from a Fortune 200 company. This company employs in excess of 100,000 people in more than 120 countries!
This could be great news for investors! Michael Lewis, President of eLinear, stated, "Our customers are deploying strategic goods and services throughout the world and we are organized to support these critical projects."
According to the press release, the projected revenue from these solution orders is in excess of $200,000 and will be recognized in the third and fourth fiscal quarters of 2004.
Investors watch this one! It was just two weeks ago that the company announced that it was awarded customer projects totaling $2,000,000. These projects feature new technology solutions spanning eLinear's multiple technology offerings including IP telephony, network and storage solutions and information security.
The stock closed yesterday at eighty-nine cents a share.
In case you are not familiar with the company: eLinear, Inc. is an integrated technology solutions provider of security, IP telephony and network and storage solutions infrastructure. Typically, the company's customers are Fortune 2000 and small to medium sized business organizations. eLinear's services are offered to companies seeking to increase productivity or reduce costs through investing in technology. A majority of the company's customers are located in Houston, Texas.
Stocks showing interesting activity yesterday at the close of the regular trading day were: Ballard Power Systems Inc. (Nasdaq:BLDP) up 27% on 6.1 million shares traded, Top Tankers Incorporated (Nasdaq:TOPT) up 8.1% on 1.7 million shares traded and Nextel Partners, Inc. (Nasdaq:NXTP) up 5.4% on 3.7 million shares traded.
Commentary:
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