WESTON, Fla., Sept. 21, 2004 (PRIMEZONE) -- Wall Street News Alert's "stocks to watch" this morning are: E-Mobile Technologies Inc. (Pink Sheets:EMTK), SmarTire Systems Inc. (Nasdaq:SMTR), Cree, Inc. (Nasdaq:CREE) and KLA-Tencor Corporation (Nasdaq:KLAC).
Aggressive investors and traders will be watching E-Mobile Information Technologies (Pink Sheets:EMTK) this morning! Yesterday after the markets closed, the company issued a press release announcing that RF Tune, Inc. believes its new chipset designs for Wi-Fi applications in laptop computers and PDA's will participate significantly in the positive industry growth trends.
On September 13, 2004, the company issued a press release announcing the completion of a definitive agreement to acquire RFTune, Inc., a Canadian-based maker of "Smart Antenna" chips that provide a material improved performance for mobile handsets, PDAs, and laptops for less than 1/6th the cost of competitive products.
This could be more great news for investors! According to the press release, their smart antenna chips can increase network capacity, enhance the quality of voice and data services, expand cell phone communication range, and diminish signal fade and interference.
Jim Yim, CEO of RF Tune indicated its recently tested 2.4Ghz and 5.5 Ghz prototype chips fabricated in Taiwan tested positively for their intended applications. Patent applications for its products are pending in the U.S. and Canada.
Prof. Safavi-Naeini, who is currently the coordinator of the RF/Microwaves and Photonics Research group at the University of Waterloo (E&CE), said "Smart integrated multi-antenna radio system offers a very promising and perhaps the ultimate solution for significant capacity improvement and performance enhancements required for future generation wireless communication networks. RFTune is just another and perhaps the most recent example of well-known UW approach to direct commercialization of research innovation and smooth transfer of technological know-how to society . . . "
Investors should continue to watch this company! Just recently we reported on the company's press release announcing the introduction of CHL Technologies' in-house designed mobile auction platform, which allows Smart phone users to interact with online bidding systems.
The stock closed yesterday at Fifty-Five cents a share.
About the companies involved: CHL Technologies, a wholly-owned Subsidiary of E-Mobile Technologies Inc., 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.
RFTune is a maker of smart antenna chips that expand cell phone capabilities by increasing network capacity, doubling the coverage and enhancing the quality of voice and data services; while extending battery life and reducing drop-off problems and harmful emissions. These benefits can be added for just $2-3 per phone. With "Smart antenna," signal fade and interference are diminished, while the cell phone's range is increased. Laptop computers and PDA's are also candidates for RFTune's Smart Antenna Transceivers. RFTune is committed to becoming the leading provider of smart antenna solutions for the wireless industry internationally. The company's website is www.RFTune.com.
Stocks showing interesting activity yesterday at the close of the regular trading day were: SmarTire Systems Inc. (Nasdaq:SMTR) up 51.7% on 15.7 million shares traded, Cree, Inc. (Nasdaq:CREE) up 5.2% on 6 million shares traded and KLA-Tencor Corporation (Nasdaq:KLAC) up 4.1% on 9.9 million shares traded.
Commentary:
"Oil prices advanced to their highest level in a month Monday, surpassing $46 a barrel, as supply constraints in the United States and Russia piqued the nerves of a market already edgy about the world's limited production capabilities and rising demand," stated Mario Cardenas in Wall Street News Alert's daily commentary continued at: http://www.WallStreetNewsAlert.com.
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