Wall Street News Alert -- Stock Tips for Monday! Feb. 23, 2004
WESTON, Fla. Feb. 23, 2004 (PRIMEZONE) -- Wall Street News Alert's "stocks to watch" this morning are: Y3K, Incorporated (OTCBB:YTHK), RCN Corporation (Nasdaq:RCNC), Primus Telecommunications (Nasdaq:PRTL) and Mentor Graphics Corp. (Nasdaq:MENT).
Aggressive investors may have their eyes on Y3K, Inc (OTCBB:YTHK) this morning! Sunday afternoon, the company issued a press release announcing the signing of a Memorandum of Understanding to integrate its IP voice telephony services and products with the Powerline Communication products of Vancouver, B.C. based Corinex Communications Corporation!
This could be more great news for investors! Corinex is a leading developer and manufacturer of powerline-based connectivity products distributed in North and South America, Europe, Asia and Australia. The MOU provides for joint marketing by Corinex and Y3K of innovative VoIP communication solutions to their business and residential customers world-wide.
"The combined Y3K and Corinex product offering will exploit the emerging market opportunity for wired and wireless IP-based telephony and data services. Included in the product portfolio will be the hardware and software needed to implement an integrated powerline-to-wireless-to-coax communication solution for both residential and business environments. Coupled with our VoIP and ICS (Integrated Communication System) platforms, it offers a complete loop of secure data and voice communications to cost-effectively and innovatively meet the needs of residential and business customers," stated Jon Schnelz, Vice President of Technology for Ecuity Advanced Communications, a subsidiary of Y3K.
"With business and residential customers world-wide, this agreement with Corinex represents a significant sales and marketing channel for our residential and small-to-medium business customers," said Frank Maros, President of Ecuity Advanced Communications. "We are excited to further develop this partnership in the coming months."
"We were looking for a company we could partner with that was very advanced in the IP telephony market space and found that with Ecuity. By adding Ecuity's Internet voice products to our devices it will allow users the portability to use their local telephone number anywhere in the world at a very low cost, stated Eric Barker, COO of Corinex Communications." Corinex products are easy to use, flexible and provide technology infrastructure enabling fast deployment of VoiP services without need of structured cabling. Corinex technology has been successfully installed in major hotel chains as well as award winning installations in educational markets such as the highly innovative Powerline & CableLAN networked school in Madeira, Portugal (Escola Basica e Secundaria de Machico), where over 2500 students and teachers now have Internet access in every classroom.
The stock closed Friday at twelve cents a share.
In case you are unfamiliar with the company: With corporate offices in Bellevue, Washington, Y3K has emerged as one of the few providers of complete end-to-end unified communication technologies for the small to medium business market. Y3K economically delivers secure next generation voice services, instant messaging, data transfer, long distance plans, conference calling, Internet services, WiFi solutions, and enterprise software packages designed to meet the communication needs of today's business world. Through the integration of web based telecommunications and cutting edge software technology, Y3K's unified communication solutions break down distance, time and media barriers to allow people to communicate anywhere, anytime and across multiple mediums. Perfectly suited for today's geographically diverse workforce, Y3K's unified communication solutions and software technologies allow businesses to work smart, without barriers.
Stocks showing interesting activity Friday were: RCN Corporation (Nasdaq:RCNC) up 5.4% on 6 million shares traded, Primus Telecommunications (Nasdaq:PRTL) up 5.8% on 2.8 million shares traded and Mentor Graphics Corp. (Nasdaq:MENT) up 4.7% on 2.1 million shares traded.
"O.K. everybody knows that you should save money for your future needs. According to David Bach of 'The Automatic Millionaire,' the quick and easy way to do it is to pay yourself first. He admits this is not a new idea, but he puts a new spin on the concept. Pay yourself the first hour worked of every day, make the payment through some type of automatic deduction process, and stick with it. If you do this early, according to Bach, say in your twenties, you will achieve millionaire status, depending on your investing acumen, before age 60. Why don't they teach this to high school students? Bach also claims it is never too late, even in your 40's or 50's," Stated Sonja Rudd in Wall Street News Alert's daily commentary continued at: .
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