Wall Street News Alert: ONTN, Wednesday's Stock to Watch! July 12, 200614 July 2006
Wall Street News Alert's "stocks to watch" this morning are: 110 Media Group, Inc. (OTCBB: ONTN), Sirius Satellite Radio (NASDAQ: SIRI), Conexant Systems, Inc. (NASDAQ: CNXT) and The Walt Disney Company (NYSE: DIS).
110 Media Group, Inc. (OTCBB: ONTN) may be a target of aggressive investors and day traders this morning! Yesterday after the stock markets closed, the company issued a press release announcing that it is changing the name of the company to Web2 Corp.
News of the name change may get the attention of investors as the name change signals a new direction that is focused on using the power of Web2.0 technology to simplify products.
Advances in technology may be used in two ways: the first is to add new features and functions to products; the second is to harness the new power to make products easier to use and less expensive to deploy. "While we are clever in combining the best features of the best products into our solutions, we see a vast array of products that can benefit from this second power," said William Mobley, Chairman 110 Media Group. "By simplifying them, we open up large markets of consumers that did not previously have the technical expertise to engage the product, or we lower the cost of using the product to embrace a new range of users previously priced out of the market. Either way, we use the new advances to make the technology almost disappear. That is the power of what we call Web2.1."
Continue to watch this company! According to Mobley, Web2.0 established a new mentality for the Internet that was enabled by open source technologies, broadband connectivity and a philosophy of sharing. "Look at the trends from MySpace to Flickr to YouTube, they are all cool new adaptations that change the way people use the Internet for their leisure purposes. In many ways they are simply novel diversions. When you ask what job it is that they perform, you find very little beyond entertainment or social connectivity. The technology adaptations are interesting, but the value is suspect and the quality of the benefits is very shallow. We are seeing signs of fatigue now...not unlike new toys at Christmas. We see Web2.1 as the application of these same technologies for higher-order uses. We ask, how can the same features be adapted to deliver more compelling solutions to practical problems?" Web2 Corp has identified several very large market opportunities for the use of Web2.0 technologies that deliver Web2.1 benefits.
Wall Street News Alert is placing aggressive Investors on alert to monitor the progress of 110 Media Group! Mobley claims that we have been in Web2.1 for some time. "We are now on the cusp of Web2.2 which blurs the concept of the Internet with wireless 'anywhere access.' Some people have been saying that this is Web3.0, but that is absolutely wrong. Web3.0 has not yet been imagined. We have many more versions of incremental improvement of Web2.0 before we reach that realm." When asked about what form Web3.0 might take Mobley suggests that integration of biotech and the Internet are likely where technology embedded in the human body will become a viable product, "but clearly there are some moral and philosophical issues to contend with before that is a reality."
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Web2 Corp.'s first products will roll out this month. The company states that they will make the process and practice of E-Business simpler, easier and more accessible than it has ever been. Other products that mash-up functionalities of stand-alone web applications to make everyday life dramatically more productive will then follow in rapid succession. "Take the best functions of the best products out there, combine them, simplify, simplify, simplify and offer them at a great price that delivers a good margin. That is our Web2 Corp. formula."
Prior to the latest press release, the stock closed yesterday at $1.15 a share.
For an in-depth profile of 110 Media Group, visit http://www.thenewssvc.com/ONTN071106.html
To view all of Wall Street News Alert's special early morning trading alerts for this morning, visit www.WallStreetNewsAlert.com, where you may also sign up to receive free email alerts in advance of our press releases being issued.
Sirius Satellite Radio (NASDAQ: SIRI) up 0.9% on 30.6 million shares traded. SIRIUS is a commercial-free music satellite radio company.
Conexant Systems, Inc. (NASDAQ: CNXT) up 6.2% on 14.6 million shares traded. Conexant's innovative semiconductor solutions are driving broadband communications and digital home networks worldwide.
The Walt Disney Company (NYSE: DIS) up 1.1% on 10 million shares traded.
Commentary:
"Consumer spending and their borrowing rose in May as reported by the Federal Reserve. Credit card and other revolving debt jumped the most since October of 2004. Non-mortgage borrowing rose by 2.5% or $4.4 billion. At an annulized rate this will add up to $2.174 trillion dollars according to the Fed," stated Sonja Rudd in Wall Street News Alert's daily commentary continued at: http://www.WallStreetNewsAlert.com.
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This profile is not without bias, and is a paid release. WSCF has been compensated for dissemination of company information on behalf of one or more of the companies mentioned in this release. WSCF has been compensated Fifteen Thousand Dollars for coverage of 110 Media Group, Inc. (OTCBB: ONTN), by a third party (Emerging Markets Consulting LLC), who is non-affiliated and may hold a significant position in the stock, for services provided including dissemination of company information in this release. WSCF holds no shares of the stock. WSCF may receive additional compensation for extension of its services. Any additional compensation will be disclosed at such time that WSCF is aware of a client's desire to extend the original services. WSCF may have received shares of a company profiled in this release prior to the dissemination of the information in this release. WSCF may immediately sell some or any shares in a profiled company held by WSCF and may have previously sold shares in a profiled company held by WSCF. WSCF's services for a company may cause the company's stock price to increase, in which event WSCF would make a profit when it sells its stock in a company. In addition, WSCF's selling of a company's stock may have a negative effect on the market price of the stock.
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