SARASOTA, Fla., Jan. 13, 2005 (PRIMEZONE) -- The following is an investment opinion issued by eLocity Inc.:
Aggressive stock traders and investors, have a look at MSE EcoEngine Inc. (Pink Sheets:MSEE). MSE EcoEngine announced after the close Wednesday that the company has initiated dialogue with a number of owners of commercial and office buildings for the use of the company's 'EcoEngine'. The 'EcoEngine' is capable of generating power using the free heat in ambient air as its sole source of fuel and producing, as by-products, clean water and cool air. The engine will be used as an inexpensive and clean source of electricity.
MSEE is currently trading at around 24 cents a share.
ATI Technologies Inc. (Nasdaq:ATYT)
Innovative 3D graphics and digital media silicon solutions designer and manufacturer, ATI Technologies Inc., announced Wednesday that the RADEON 9200 is the graphics solution for Apple's innovative entry-level consumer desktop, the Mac mini. The company said the RADEON 9200 is a full-featured, high-performance graphics processor that gives the Mac mini a competitive advantage for running digital lifestyle and entertainment titles over other computers in the same price class.
ATYT closed Wednesday's trading session at $118.08 on volume of 3.53 million shares.
Abgenix, Inc. (Nasdaq:ABGX)
Abgenix, Inc. announced Wednesday that it will receive a milestone payment from Chiron Corporation triggered by Chiron's filing of an Investigational New Drug Application with the U.S. Food and Drug Administration, for the novel oncology compound CHIR-12.12, a fully human antagonist antibody targeting CD40. The company stated that the antibody was created by Chiron using proprietary XenoMouse technology licensed from Abgenix.
ABGX closed Wednesday's trading session at $9.35 on volume of 2.07 million shares.
Digital River, Inc. (Nasdaq:DRIV)
Shares of e-commerce outsourcing company Digital River, Inc. gained $1.48, or 4.56% Wednesday, after the company announced that it plans to release financial results for its fiscal fourth quarter and full year 2004 after the close of regular market trading on Wednesday, January 26, 2005. The company also said it plans to give guidance for the first quarter and full year of 2005.
DRIV closed Wednesday's trading session at $33.91 on volume of 1.24 million shares.
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