SARASOTA, Fla., Oct. 27, 2004 (PRIMEZONE) -- eLocity's stocks to watch for today are; HEE Corporation (Pink Sheets:HCCF), Varian Semiconductor Equipment Associates Inc. (Nasdaq:VSEA), Activision, Inc. (Nasdaq:ATVI) and TriPath Imaging Inc. (Nasdaq:TPTH).
Investors will surely want to keep an eye on HEE Corporation (Pink Sheets:HCCF). HEE Corporation announced late in market hours on Tuesday that its proprietary diabetic treatment product, HPB-84, will be featured on Health Journal Television and CNBC beginning on October 29, 2004.
The HEE Corporation was founded for the purpose of testing and marketing a new and extremely promising neutriceutical treatment for Type II Diabetes. HEE has acquired the worldwide distribution rights for this diabetic treatment. In the United States alone, 18.2 million people have diabetes. Diabetes is the fifth leading cause of death by disease in the U.S.
HCCF currently trades at around .07 a share.
On the Nasdaq;
Varian Semiconductor Equipment Associates Inc. (Nasdaq:VSEA)
Ion implantation equipment producer, Varian Semiconductor Equipment Associates Inc., announced after the closing bell Tuesday financial results for its fourth quarter, reporting earnings that rose from last year and in line with estimates on higher revenues. The company reported net income for the quarter of $23 million or $0.62 per share, compared to $1 million or $0.03 per share in the year-ago quarter. Revenue for the quarter increased to $154.8 million from the $84.8 million posted in the same period last year, the company said.
Looking ahead, Varian Semiconductor Equipment Associates said it expects fiscal 2005 first quarter earnings, including the $22 million payment from Applied Materials Inc. (Nasdaq:AMAT), to be in the range of $0.67 to $0.75 per share.
Shares of VSEA closed Tuesday's regular trading session at $33.40.
Activision, Inc. (Nasdaq:ATVI)
Interactive entertainment software products publisher, Activision, Inc., announced after the bell Tuesday its second quarter earnings, compared to year-ago loss, on revenues that more than doubled over last year. The company reported a quarterly net income of $25.5 million, or $0.17 per diluted share, compared to a net loss of $10.1 million, or $0.08 per share, in the year-ago quarter. Revenues for the quarter rose 164% to $310.6 million from $117.5 million last year.
ATVI closed Tuesday's regular trading session up 9 cents at $13.19, on volume of 1.8 million shares. ATVI was trading higher in the after hours market, at $13.70.
TriPath Imaging Inc. (Nasdaq:TPTH)
TriPath Imaging Inc. announced its earnings per share expectation for the third quarter before the bell on Tuesday, above analysts' projection. The company also announced that it expects to be profitable for the full year 2004. TriPath Imaging said that it expects to report earnings per share in the range of $0.02-$0.03. The company also announced that it anticipates to report revenues for the third quarter of about $18 million, including a non-cash sales discount related to the issuance of warrants under its deal with Quest Diagnostics (NYSE:DGX).
Shares of TPTH ended Tuesday's regular trading session at $6.60, on volume of 1,568,056 shares.
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