WESTON, Fla., Jan. 15, 2004 (PRIMEZONE) -- Wall Street News Alert's "stocks to focus on" this morning are: Ohana Enterprises, Inc. (OTCBB:OHNA), InterNAP Network Services (NASDAQ:INAP), Dell Inc. (NASDAQ: DELL) and Advanced Micro Devices I (NYSE:AMD).
Aggressive investors will want to watch Ohana Enterprises, Inc. (OTCBB:OHNA) this morning! Yesterday after the markets closed, the company issued a press release announcing that it has agreed to acquire RestauranTech, a wholly owned subsidiary of Interactive Ideas Consulting Group, Inc. ("I2CG")!
This should be good news for investors! The acquisition will enable the company to enter the Wireless-Fidelity "Wi-Fi" Arena, as it includes all of RestauranTech's clients and suite of products, including its flagship product, "Wi-Fi 802.11b hotspot service."
Keep your eye on Ohana! The acquisition of RestauranTech by Ohana will expedite both organizations' goals, allowing Ohana to achieve full operational status immediately. Moreover, RestauranTech will accelerate its marketing plan by immediately rolling out its newly developed technologies and services to its existing clients, as well as capturing new clientele.
I2CG and RestauranTech, founded in 1994, is a full-service technology group with nearly 500 clients, mainly in the restaurant and hospitality industries.
In case you are not familiar with the company: Ohana Enterprises Inc. is a development stage company. Ohana's current wholly owned subsidiary, Visual Interviews Inc. ("VI"), is developing a technology and product that will offer a dependable, high-performance streaming video solution for candidate interviews accessed via a secure intranet. The solution is intended to provide significant cost savings and allow organizations to interview more candidates more efficiently. The stock closed yesterday at thirteen cents a share.
Stocks showing interesting activity yesterday were: InterNAP Network Services (NASDAQ:INAP) up 4.8% on 16 million shares traded, Dell Inc. (NASDAQ:DELL) up 1.9% on 17.7 million shares traded and Advanced Micro Devices I (NYSE:AMD) up .07% on 13 million shares traded.
Commentary: Mortgages
"According to the Mortgage Bankers Association, Americans filed more loans last week to refinance mortgages since July of 2003. They stated that mortgage rates fell sharply last week based on the decline in yields in the longer-rated bonds, this caused a drop in the rate and a spurt of new activity as savvy consumers jumped at the chance to lock-in low rates. The national average last week, according to www.bankrate.com, was 5.71% for the 30-year loan," Stated Sonja Rudd in Wall Street News Alert's daily commentary continued at: http://www.WallStreetNewsAlert.com.
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