SARASOTA, Fla., July 23, 2004 (PRIMEZONE) -- The following is an investment opinion issued by eLocity Inc.:
Automotive Capital Group, Inc. (Pink Sheets:AOCP), Lam Research Corp. (Nasdaq:LRCX ), Cabot Microelectronics Corporation (Nasdaq:CCMP) and SkyWest, Inc. (Nasdaq:SKYW).
Friday's Alert:
Automotive Capital Group, Inc. (Pink Sheets:AOCP) today announced "the appointment of the companies new CEO/President, Scott Miller. Over the past 10 years Scott Miller has managed or co-managed over $1 billion of public company financings and transactions, including public offerings and private placements of equity and debt securities, leveraged buyouts, acquisitions divestitures and corporate turnarounds." Automotive Capital Group also announced in an earlier PR "the launch of its GPS locator division, NAVICOM GPS, with the goal to become the market leader of wireless security/anti-theft solutions using Global Positioning System (GPS) technology for automobile, motorcycle, motor-home, and trucking companies."
One of Automotive Capital Group's major goals is to become a fully reporting company and move from the Pink-Sheet markets to the American Stock Exchange (AMEX.)
Some Companies Reporting Earnings:
Another stock to watch today is Lam Research Corp. (Nasdaq:LRCX). Shares of LRCX rose $3.92 (+19.80%) Thursday as the semiconductor production equipment company said quarterly earnings more than doubled. The stock traded 17,964,000 shares Thursday to end at $23.72 a share.
Also, Cabot Microelectronics Corporation (Nasdaq:CCMP) released third quarter financials Thursday. Cabot reported total revenue for the third fiscal quarter of 2004 was $76.9 million, up 4.6% from $73.5 million in the prior quarter and up 19.7% from $64.3 million in the third quarter a year ago. The stock responded well to the news trading up +$4.08 to end at $31.53 a share.
On Wednesday, SkyWest, Inc. (Nasdaq:SKYW) reported operating revenues of $267.4 million for the quarter ended June 30, 2004, a 25.7% increase, compared to $212.7 million for the same period last year. Thursday, shares of SKYW traded volume of 1,781,600. The stock is currently up today at the time of writing this article.
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The newsletter is provided by eLocity Inc., an electronic broadcaster and publisher of this newsletter, is here after referred to as "the company". The company received compensation for this newsletter service for Automotive Capital Group, Inc. (Pink Sheets:AOCP) only. The compensation is one hundred thousand free trading shares of AOCP from a non-affiliated third party, Beacon Capital. The company still retains all shares as of the date and time of this release. Because the company received compensation for its services, there is an inherent conflict of interest in the company statements and opinions and such statements and opinions cannot be considered independent.
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