IKTO iTokk Inc (CE)

Wall Street News Alert's "stocks to watch" this morning are: iTokk Inc. (OTCBB: IKTO), Qualcomm Incorporated (NASDAQ: QCOM), Motorola, Inc. (NYSE: MOT) and Bank of America Corp. (NYSE: BAC).

Friday, iTokk Inc. (OTCBB: IKTO) issued a press release announcing that it has signed a binding Letter of Intent (LOI) for a strategic distribution partnership with Mayfair Club A.E. of Athens Greece to begin distribution of the iTokk products and services in Greece and the Balkans; and in addition will embark on business development in the Commonwealth of independent States (CIS) former countries of the Soviet Republic.

According to the Agreement, Mayfair Clubs will begin by bundling their existing portfolio of solutions along with the iTokk Click-to-Call and iTokk-Mobile services and will be marketed and distributed through Mayfair Clubs distribution network of more than 250,000 customers that have purchased more the one solution and over 1,200,000 customers that have purchased at least once a solution from Mayfair Club. Mayfair Club has been providing solutions for over 1800 businesses in Greece since 1985 integrating, distributing and bundling solutions supplied by companies including Vodafone Greece, Wind telecom & ISP, Vivodi Telecommunications, Cosmote, On Telecoms and Tellas.

According to telecommunications Research Company Buddcomm's annual publication 2008, profiles the emerging Balkan markets and the integration with the EU which is driving economic development and change, a trend that has manifested itself in the region's telecoms markets. The report presents an overview of the telecom markets in what are arguably some of Eastern Europe's most promising growth markets with example highlights such as fixed broadband take-up across the region gaining momentum with annual growth rates of 200% in Bosnia-Herzegovina, 51% in Croatia and 62% in Cyprus.

The two organizations are negotiating the final terms and conditions of a reseller arrangement that would give Mayfair access to iTokk's IP services platform in exchange for yet to be disclosed terms of revenue share and local pricing models. This Letter of Intent (LOI) will be superseded and replaced, as soon as practicable, by a formal reseller agreement with standard terms that are consistent with the principal terms provided herein.

The stock closed Friday at Fifty cents a share.

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Qualcomm Incorporated (NASDAQ: QCOM) down 0.9% on 6.1 million shares traded. Qualcomm Incorporated is a leader in developing and delivering innovative digital wireless communications products and services based on CDMA and other advanced technologies.

Motorola, Inc. (NYSE: MOT) down 0.9% on 16.5 million shares traded. Motorola is known around the world for innovation in communications and is focused on advancing the way the world connects.

Bank of America Corp. (NYSE: BAC) down 3% on 96.7 million shares traded. Bank of America is one of the world's largest financial institutions.

Market Commentary:

The first few days of December will also bring key economic reports including the Labor Department's November employment report, scheduled for Friday. The number of jobs being lost each month has generally been declining, with 190,000 slashed in October, and economists surveyed by Thomson Reuters expect that number to have fallen to 130,000 in November.

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