WESTON, Fla., Oct. 14, 2004 (PRIMEZONE) -- Wall Street News Alert's "stocks to watch" this morning are: eLinear, Inc. (AMEX:ELU), Delta Air Lines Incorporated (NYSE:DAL), Cardiac Science, Inc. (Nasdaq:DFIB) and Apria Healthcare Group Inc. (NYSE:AHG).
Aggressive investors and traders need to be watching eLinear, Inc. (AMEX:ELU) again this morning! Yesterday after the markets closed, the company issued another press release announcing that its wholly owned subsidiary, NewBridge Technologies, Inc., has won business providing infrastructure solutions to twelve Pasadena Independent School District locations! The anticipated revenue for the projects is $100,000.
This is great news for investors, as it comes on the heels of last weeks announcement that eLinear Solutions, (another one of eLinear, Inc.'s wholly owned subsidiaries) was awarded enterprise solutions business to provide an enterprise access solution valued in excess of $350,000!
The week prior, the company announced that it was awarded technology solution orders to be deployed to Iraq from a Fortune 200 company. The Fortune 200 company employs in excess of 100,000 people in more than 120 countries! According to that press release, the projected revenue from those solution orders was in excess of $200,000.
Investors should pay close attention to this company! According to the press release, eLinear previously announced that it has raised its previous revenue guidance by 10 percent to $22,000,000 for fiscal 2004. eLinear also has previously announced $3,200,000 in new business in the last 30 days, which is included in the revised forecast for the year end.
The stock closed yesterday at around ninety-one 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: Delta Air Lines, Inc. (NYSE:DAL) up 21.4% on 9.6 million shares traded, Cardiac Science, Inc. (Nasdaq:DFIB) up 6.7% on 1.5 million shares traded and Apria Healthcare Group Inc. (NYSE:AHG) up 3.9% on 4.2 million shares traded.
Commentary:
"Oil prices surged more than $1 on Wednesday as worries over tight heating fuel supplies in the U.S. and Europe this winter countered a previous bout of profit-taking by big-money funds. U.S. light, sweet crude was up $1.13 at $53.64 a barrel, erasing losses from a recent sell-off and bringing prices less than $1 below Tuesday's record peak of $54.45," stated Mario Cardenas in Wall Street News Alert's daily commentary continued at: http://www.WallStreetNewsAlert.com.
WSNA's email alert service is free to those investors who sign up on the WSNA home page. The alert service is designed to notify investors of undervalued and often overlooked stocks. Subscribers are introduced to Special Situation companies that have the potential of showing increased activity. The Wall Street News Alert home page has experienced over 25 million hits. To subscribe to this free service, visit the Wall Street News Alert home page at http://www.wallstreetnewsalert.com and select the "join now" button.
-- Wall Street News Alert is not affiliated with faxes bearing the names Wall Street Stock Alert or Wall Street News Alert! --
Wall Street News Alert is a division of Wall Street Capital Funding LLC (WSCF). WSCF is not a registered broker/dealer and may not sell, offer to sell or offer to buy any security. WSCF profiles are not a solicitation or recommendation to buy, sell or hold securities. An offer to buy or sell can be made only with accompanying disclosure documents from the company offering or selling securities and only in the states and provinces for which they are approved. The material in this release is intended to be strictly informational. The companies that are discussed in this release have not approved the statements made in this release nor approved the timing of this release. All statements and expressions are the sole opinion of WSCF and are subject to change without notice. Information in this release is derived from a variety of sources including that company's publicly disseminated information, third parties and WSCF research. The accuracy or completeness of the information is not warranted and is only as reliable as the sources from which it was obtained. WSCF disclaims any and all liability as to the completeness or accuracy of the information contained and any omissions of material fact in this release. The release may contain technical inaccuracies or typographical errors. It is strongly recommended that any purchase or sale decision be discussed with a financial adviser, or a broker-dealer, or a member of any financial regulatory bodies. Investment in the securities of the companies' discussed in this release is highly speculative and carries a high degree of risk. WSCF is not liable for any investment decisions by its readers or subscribers. Investors are cautioned that they may lose all or a portion of their investment if they make a purchase in WSCF profiled stocks.
This profile is not without bias, and is a paid release. WSCF has been compensated for dissemination of company information on behalf of one or more of the companies mentioned in this release. WSCF has been compensated thirty-two thousand dollars for coverage of eLinear, Inc. (AMEX:ELU), by the company, for services provided including dissemination of company information in this release. WSCF holds twenty-two thousand five hundred and ninety shares of restricted stock, for previously rendered services. WSCF may receive shares for extension of its services. Any shares will be disclosed at such time that WSCF is aware of a clients desire to extend the original services. WSCF may have received shares of a company profiled in this release prior to the dissemination of the information in this release. WSCF may immediately sell some or any shares in a profiled company held by WSCF and may have previously sold shares in a profiled company held by WSCF. WSCF's services for a company may cause the company's stock price to increase, in which event WSCF would make a profit when it sells its stock in a company. In addition, WSCF's selling of a company's stock may have a negative effect on the market price of the stock. Market commentary provided by Mario Cardenas.
This release contains "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E the Securities Exchange Act of 1934, as amended and such forward-looking statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. "Forward-looking statements" describe future expectations, plans, results, or strategies and are generally preceded by words such as "may," "future," "plan" or "planned," "will" or "should," "expected," "anticipates," "draft," "eventually" or "projected". You are cautioned that such statements are subject to a multitude of risks and uncertainties that could cause future circumstances, events, or results to differ materially from those projected in the forward-looking statements, including the risks that actual results may differ materially from those projected in the forward-looking statements as a result of various factors, and other risks identified in a companies' annual report on Form 10-K or 10-KSB and other filings made by such company with the Securities and Exchange Commission. You should consider these factors in evaluating the forward-looking statements included herein, and not place undue reliance on such statements. The forward-looking statements in this release are made as of the date hereof and WSCF undertakes no obligation to update such statements.
-0-
CONTACT Wall Street News Alert
email: info@wallstreetnewsalert.com
URL: http://www.wallstreetnewsalert.com