SARASOTA, Fla., Jan. 20, 2005 (PRIMEZONE) -- The following is an investment opinion issued by eLocity Inc.:
Aggressive stock traders and investors, have a look at SoftNet Technology (OTCBB:STTC). SoftNet announced Wednesday that its wholly owned subsidiary WholesaleByUs has a goal to supply the largest and most diversified array of products for sale on the Internet. The Company is making strides toward this goal as they have increased the number of products for sale by more than 5,000 products to almost 30,000. Not staying content with that alone and looking to increase the number and diversity of products offered, they are also in negotiations with numerous suppliers of products both domestically and internationally.
STTC is currently trading at around 20 cents a share.
Overstock.com Inc. (Nasdaq:OSTK)
In an effort to attract to sellers affected by eBay Inc.'s planned fee increase, online discount retailer Overstock.com Inc. announced Wednesday that it will cut its auction site listing fees by an added 52 percent from Feb. 18 through March 18.
OSTK closed Wednesday's regular session at $63.14, on volume of 5.2 million shares.
AVI BioPharma, Inc. (Nasdaq:AVII)
Biopharmaceutical company AVI BioPharma, Inc. announced after the bell Wednesday that it has entered into definitive agreements with several institutional investors for the purchase of 8 million shares of its common stock at $3.00 per share in a direct equity placement for gross proceeds to the company of $24 million. The company said that investors will also receive four year warrants to purchase 1.6 million shares of common stock at an exercise price of $5.00 per share.
AVII closed Wednesday's regular session at $4.14, on volume of 39.6 million shares.
MIPS Technologies, Inc. (Nasdaq:MIPS)
MIPS Technologies, Inc., provider of industry standard processor architectures and cores for digital consumer and business applications, reported financial results for its second fiscal quarter after the bell Wednesday, posting revenue that grew 45 percent compared to the same period a year ago. Total revenue for the quarter was $15.5 million, compared to $10.7 million for the same quarter a year ago. Net income for the quarter was $3.5 million, compared to a net income of $477,000 for the same quarter a year ago. Net income per share on a diluted basis for the second quarter of fiscal 2005 was $0.08 compared to a net income per share of $0.01 for the same quarter a year ago.
MIPS closed Wednesday's regular session at $10.055, on volume of 691,800 shares.
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