WESTON, Fla., March 23, 2005 (PRIMEZONE) -- Wall Street News Alert's "stocks to watch" this morning are: MidNet, Inc. (OTCBB:MIDX), Nortel Networks Corporation (NYSE:NT), Siebel Systems, Inc. (NASDAQ:SEBL) and Comcast Corporation (NASDAQ:CMCSA).
Aggressive investors and traders may be excited about the latest news from MidNet, Inc. (OTCBB:MIDX). The company just announced that co-founders Tilo Kunz and Peter Fentiman have exchanged leadership roles as the company enters the next phase of its corporate evolution.
This could be great news for investors! "As we announced last week, we have commenced the rollout of our video phone network, established a corporate infrastructure, identified our target markets and announced our first customers," Fentiman said. "We are now entering the next phase of our development, which is much more operationally focused. Tilo has served as chief operating officer for three years and is ideally suited to oversee this new phase. As chairman, I will focus on strengthening the Company's financial footing and expanding our profile within the investment community."
Investors watch this one! Kunz, who was previously chairman and chief operating officer, has taken over as president and chief executive officer from Fentiman. The role of chief operating officer has been blended into Kunz's new role. Fentiman has become chairman.
For more in-depth coverage of MidNet, visit http://www.sommor.com/MIDX0321.html
Prior to yesterday's news, the stock closed at $1.35 a share.
In case you are unfamiliar with the company: MidNet is the creator, owner, and operator of The Middle Network(tm) - a commercial alternative to the Internet. The Middle Network provides high-speed, high-capacity private digital connectivity to companies and people, who wish to create, manage and distribute valuable intellectual properties.
Stocks showing interesting activity yesterday at the close of the regular trading day were: Nortel Networks Corporation (NYSE:NT) up 1% on 18.7 million shares traded, Siebel Systems, Inc. (NASDAQ:SEBL) down 1.9% on 11.3 million shares traded and Comcast Corporation (NASDAQ:CMCSA) down 0.7% on 9 million shares traded.
Commentary:
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