WESTON, Fla., Nov. 4, 2004 (PRIMEZONE) -- TheSUBWAY.com announces the following stocks to its Stock Market Standouts List: Unicorp Inc. (Pink Sheets:UCPI), QUALCOMM Incorporated (Nasdaq:QCOM), Applied Materials Inc. (Nasdaq:AMAT), Brocade Communications Systems, Inc. (Nasdaq:BRCD).
Unicorp, Inc. (Pink Sheets:UCPI) announced today that it has signed a letter of intent to acquire an interest in a 2,572 acre tract located offshore in the Galveston Area. The total projected reserve amount of $22,000,000 is a net present value of the cash flow discounted at 10% that was generated utilizing a gas price of $5.94 per mcf. The value of Unicorp's interest would be 10% of this amount. This letter of intent is non-binding and is subject to final agreements being approved by both parties. Drilling is expected to commence during the first half of 2005.
Other stocks highlighted include QUALCOMM Incorporated (Nasdaq:QCOM): Stock Standouts List, Applied Materials Inc. (Nasdaq:AMAT): Stock Standouts List, Brocade Communications Systems, Inc. (Nasdaq:BRCD) Stock Standouts List.
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TheSUBWAY.com highlights stocks that are in the news, have traded high volume, or experienced a large change in price in recent sessions. The aforementioned commentary is not meant to be indicative of a "long term" view of any of the companies listed.
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