Morning Takeover Targets and Wi-Fi Alerts: XFNE, AQWF, IVAN, OTIV, AAII, EVOL
December 11 2003 - 10:48AM
PR Newswire (US)
Morning Takeover Targets and Wi-Fi Alerts: XFNE, AQWF, IVAN, OTIV,
AAII, EVOL CITY OF INDUSTRY, Calif., Dec. 11 /PRNewswire/ -- World
View Research issues the following Morning Update with new
PriceWatch Alerts for key stocks news XFONE, Inc. (BULLETIN BOARD:
XFNE) and Air-Q Wi-Fi (BULLETIN BOARD: AQWF) . Xfone, Inc.
announced today that since December 3, 2003 its shares are also
listed for trading on the Berlin Stock Exchange. This development
will expose Xfone to the European financial market and enable
easier and more efficient trading in the stock during working hours
in Europe. The symbol of the shares: 'XFO'. Air-Q Wi-Fi
Corporation, a Wi-Fi (wireless fidelity) Internet access provider,
announced today that it had opened two more Wi-Fi hotspots in
Phoenix, AZ, to paying customers. Air-Q purchased the network-ready
Q-Spots, under its Q-Spot(TM)-brand Wi-Fi hotspot development
agreement with its Phoenix development. SunTrust is a perennial
takeover target, at least when it comes to Wall Street gossip. The
Atlanta bank's dowry would be its presence in the demographically
and economically attractive Southeast. And its financial
performance of the last couple of years makes it appear vulnerable
to some analysts. Chief Executive L. Phillip Humann won't comment
on merger speculation. Just after 3:00 p.m. Eastern time, the
S&P 500 Index (SPX - 1054.67) was trading half a percent lower,
down by over five points. The index is testing support at its
20-day moving average, below which the SPX has not endured a daily
close since November 21. Bears are plodding over their bullish
counterparts, with about 75 percent of the index's 500 components
trading in negative territory. Ivanhoe Energy, Inc. (NASDAQ:IVAN),
On Track Innovations (NASDAQ:OTIV), AAI Pharma, Inc. (NASDAQ:AAII),
Evolving Systems, Inc. (NASDAQ:EVOL) were the Nasdaq's biggest
gainers. AutoZone (NYSE:AZO) is bringing up the rear with a
double-digit percentage loss thanks to lackluster same-store sales
figures for the first quarter, coupled with a downgrade from U.S.
Bancorp. Homebuilding stocks, including Pulte Homes (NYSE:PHM) and
KB Home (NYSE: KBH), are in the red today following yesterday's
Federal Open Market Committee meeting, which spurred concerns over
inflationary pressures and possible rate increases. Freeport
McMoRan Copper and Gold (NYSE:FCX) announced a management shake- up
today, including a separation between the chairman and chief
executive office roles and the appointment of a new financial
chief. Lucent Technologies (NYSE:LU) reported that its order
backlog through September 30 totaled $2.2 billion, compared to $1.9
billion at the same point in 2002. In other news, LU officials said
funding for post-retirement healthcare benefits should cost around
$300 million in 2004. Monster Worldwide (NASDAQ:MNST) continued to
dominate the SPX, thanks to an upgrade from SunTrust, who lifted
its rating on the equity to an "overweight." Earlier this morning,
medical-instrument company Baxter International (NYSE:BAX) was
awarded a multi-year pact from Veterans Hospitals and will be the
exclusive provider of intravenous solutions and sets. BAX officials
said the contract will be worth about $80 million over its life.
Forest Laboratories (NYSE:FRX), an over-the-counter pharmaceutical
firm, reported positive findings from its Lexapro study, saying
results are comparable to Pfizer's leading antidepressant
treatment, Zoloft. Be prepared for the investing week ahead with
Bernie Schaeffer's FREE Monday Morning Outlook. For more details
and to sign up, go to: http://www.investorsobserver.com/freemo This
Morning Update was prepared with data and information provided by:
Schaeffers Research. World View Research may have an equity
position of up to 4.9% in the companies mentioned herein and may
buy or sell the stock any time. Please visit our Section 17B
disclaimer at http://www.worldviewresearch.com/ . All stocks and
options shown are examples only. These are not recommendations to
buy or sell any security and they do not represent in any way a
positive or negative outlook for any security. World View Research
is a member of the National Association of Securities Dealers, CRD
number 2390694. DATASOURCE: World View Research CONTACT: World View
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