Austin, TX 10/18/2007 10:45:27 PM
Speak with other shareholders about: (OTCBB: PTSC), (Nasdaq: LVLT), (OTCBB: UGTH), (NASDAQ: EBAY), (OTCBB: CICI).
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Chat real-time with other investors about this PTSC news release, by
clicking this link: http://www.stockwire.com/PTSC
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Patriot Scientific (OTCBB: PTSC), up 10% on 2 million shares, announced yesterday that Cohen Independent Research Group has initiated coverage on Patriot Scientific with a Strong Buy rating. The 140-page report is available at http://www.cohenresearch.com.
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Level 3 Communications Inc (Nasdaq: LVLT), down 1% on 42 million shares, a communications company, released yesterday that the company's operating subsidiary has purchased certain assets from AT&T Inc (NYSE: T). These assets were divested as a result of the merger between AT&T and BellSouth. The acquired assets consist of indefeasible rights of use (IRUs) for dark fibre connections to 27 buildings as well as more than 450 metro fibre route miles in the nine markets where AT&T was required to divest assets. Level 3 said, that under the terms of the agreement, the company retains intermediate splice rights, which will enable it to add new buildings to the acquired assets. The purchase of these new assets reportedly further expands the metro market reach of the Level 3 network.
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U.S. Geothermal Inc. (OTCBB: UGTH), down 4% on 1 million shares, ("U.S. Geothermal"), a renewable energy development company focused on the production of electricity from geothermal energy, announced yesterday that Pacific Growth Equities, LLC ("Pacific Growth") has initiated research coverage of the company.
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eBay Inc. (NASDAQ: EBAY), up 5% on 42 million shares, eBay reported record consolidated Q3-07 net revenues of $1.89 billion, representing a year-over-year growth rate of 30%. GAAP operating loss was $938 million in Q3-07, representing (50%) of net revenues, compared to GAAP operating income of $339 million in Q3-06. GAAP net loss in Q3-07 was $936 million, or $0.69 loss per diluted share. Both the GAAP operating loss and GAAP net loss were the result of the previously announced goodwill impairment charge related to eBay's acquisition of Skype.
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Communication Intelligence Corporation (OTCBB: CICI), up 36% on 1 million shares, announced today that it was selected by Frost & Sullivan as the recipient of the 2007 Global Frost & Sullivan Award for Market Leadership in the dynamic signature verification (DSV) market. CIC's keen focus on technological innovations, efforts to develop flexible business approaches, increased R&D investments, global expansion initiatives, and novel product offerings are expected to help it hold sway in the DSV market in the future as well.
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