Wall Street News Alerts' "stocks to watch" this morning are:
Omnicity Corp (OTCBB: OMCY), CBS Corporation (NYSE: CBS), Yahoo!
Inc. (NASDAQ: YHOO) and Crocs, Inc. (NASDAQ: CROX).
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Omnicity Corp (OTCBB: OMCY) continues to push forward with its
goal of becoming the first broadband service provider to expand its
network across rural America. Friday, the company issued a press
release announcing that a major strategic technology decision by
choosing Cisco to deploy wireless broadband service throughout its
network.
In order to increase mobile broadband coverage and bandwidth,
Omnicity is migrating from the 802.11 wireless standard to the
WiMAX 802.16e standard using Cisco's Broadband Wireless Access
(BWX) WiMAX antennas and base stations. Omnicity uses Cisco
equipment at its core and has already deployed Cisco's BWX platform
in a portion of its network.
Omnicity will leverage this experience working with Cisco to
deploy Cisco's BWX platform throughout the remainder of its
network, which should further accelerate the pace of Omnicity's
goal to be rural America's premier consolidator and rural broadband
service provider.
Greg Jarman, CEO of Omnicity, said, "There are only a few
carrier-grade WiMAX vendors out there today, and we are excited to
have chosen Cisco as our strategic equipment supplier. Its prowess
in the network world is one of the best and with their BWX platform
they are delivering an end-to-end Internet Protocol Next-Generation
Network that delivers the best indoor coverage and portable mobile
performance in the industry. The agreement with Cisco will also
give us access to Cisco's vendor financing program, systems
engineering, technical assistance and our planned stimulus grant
writing. Having selected a vendor, we now turn our attention to
spectrum holders around the country."
The stock closed Friday at Fifty Five cents a share.
For an in-depth profile of Omnicity Corp, visit:
http://wallstreetnewsalert.com/view-company-profiles.php?profile=OMCY_080909.
CBS Corporation (NYSE: CBS) up 26.5% on 46.9 million shares
traded. CBS Corporation is a mass media company with constituent
parts that reach back to the beginnings of the broadcast industry,
as well as newer businesses that operate on the leading edge of the
media industry.
Yahoo! Inc. (NASDAQ: YHOO) down 0.8% on 28.2 million shares
traded. Yahoo! Inc. is a leading global Internet brand and one of
the most trafficked Internet destinations worldwide.
Crocs, Inc. (NASDAQ: CROX) up 28.5% on 21.7 million shares
traded. Crocs, Inc. is a designer, manufacturer and retailer of
footwear for men, women and children under the Crocs(TM) brand.
Market Commentary:
On Friday, benchmark crude for September delivery dropped $1.01
to settle at $70.93 a barrel on the New York Mercantile
Exchange.
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