WESTON, Fla., Aug. 31, 2004 (PRIMEZONE) -- Wall Street News Alert's "stocks to watch" this morning are: E Mobile Information Technologies Inc. (Pink Sheets:EMTK), US Airways Group Inc. (Nasdaq:UAIR), Patina Oil & Gas Corp. (NYSE:POG) and Delta Air Lines Inc. (NYSE:DAL).
Aggressive investors and traders will be watching E Mobile Information Technologies Inc. (Pink Sheets:EMTK) this morning! Yesterday after the markets closed, the company issued a press release announcing the acquisition of Dynamic Wireless "SMART" phone provider CHL Technologies Inc!
This is big news for investors! The company, trading less than a month, claims that the acquisition places them solidly in the rapidly growing wireless telecommunications market with a multitude of real time products and services to "SMART" cell phone users.
Investors watch this one! Initially serving the booming demand in China, the corporate market strategy encompasses global market penetration. According to the report, "3G Network deployments in China" by In-Stat/MDR, in China alone there are about 250 million cell phones in operation with growth expected to reach near 500 million by 2008. "Smart phones Rising: 10 Things You Should Know About This Segment" report by In-Stat/MDR indicates smart phone shipments will experience a 44% Compound Annual Growth Rate (CAGR) over the next five years.
According to the press release, this cell phone arena has a voracious appetite for content and services with the new 3G technology having been launched on either the K Java or Brew operating systems. Negotiations are already underway with major players in this marketplace for CMT Technology's products and services.
A robust platform of advanced content is already available from the company for rich-media services. Included in the list of offerings for individual, business and student applications are as follows-
1) Mobile Video enables users to view movies, MTV, and music.
2) Mobile Books provides complete books that can be read on a cell phone at any time from anywhere. Magazines, newspapers and other print media will be available.
3) Mobile Home Security where you can monitor home, family and pets remotely 24/7 from your cell phone.
4) Mobile Auctions where you can buy and sell over auctions websites from your cell phone, as well as a server in which you can build a system to accept bids on merchandise from buyer's cell phone.
5) Mobile Education where you can take practical testing and review results with a teacher real time.
6) Mobile Business outside sales force in touch with company for vital sales assistance to close orders.
The company is staffed by a well-seasoned management team with almost a decade of experience in their professions. The company is committed to becoming a leading provider in worldwide high tech telecommunication services. Its website is www.chltec.com.
The stock closed yesterday at around thirty cents a share.
In case you are not familiar with the company: CHL Technologies 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: US Airways Group Inc. (Nasdaq:UAIR) up 14.5% on 1 million shares traded, Patina Oil & Gas Corp. (NYSE:POG) up 3.3% on 1.3 million shares traded and Delta Air Lines Inc. (NYSE:DAL) up 0.2% on 2.5 million shares traded.
Commentary:
"U.S. oil prices hit their lowest in more than a month on Monday on continued profit-taking as producer group OPEC sought to increase its tight spare capacity and the U.S. summer driving season approached its end. U.S. light crude settled down 90 cents to $42.28 a barrel after falling to $41.30 a barrel midday, the lowest level since July 26. Oil has dropped more than $7 from the record highs near $50 a barrel earlier in the month as hedge funds, responsible for part of the recent price surge, take profits," stated Mario Cardenas in Wall Street News Alert's daily commentary continued at: http://www.WallStreetNewsAlert.com.
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