Mid Day News for Wednesday September 14, 2011: mPhase Technologies, Inc., SanDisk Corp., JAKKS Pacific, Inc., Sequans Communications S.A., Gleacher & Company, Inc., Brady Corp. BRC

OFinancialinc.com announces the following stocks to its Mid Day News: mPhase Technologies, Inc. (OTC: XDSL), SanDisk Corp. (NASDAQ: SNDK), JAKKS Pacific, Inc. (NASDAQ: JAKKS), Sequans Communications S.A. (NYSE: SQNS), Gleacher & Company, Inc. (NASDAQ: GLCH), Brady Corp. BRC (NYSE: BRC)

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mPhase Technologies, Inc. (OTC: XDSL), which has entered into a Letter of Intent to acquire 81% of Energy Innovative Products, Inc. (EIP), today released a power point presentation which describes Energy Innovative Products. EIP has a fully tested patented product the EIP-1 controller (Figure 1), which saves up to 30% of energy costs when installed on commercial refrigerators and freezers. The acquisition of EIP is expected to become a definitive agreement at the end September 2011 and close by the end of October 2011.

mPhase Technologies is introducing a revolutionary Smart Surface technology enabled by breakthroughs in nanotechnology, MEMS processing and microfluidics. Our Smart Surface technology has potential applications within drug delivery systems, lab-on-a-chip analytic systems, self-cleaning systems, liquid and chemical sensor systems, and filtration systems. mPhase has pioneered its first Smart Surface enabled product, the mPhase Smart NanoBattery.

To view the full press release for mPhase Technologies, Inc. (OTC: XDSL), CLICK HERE or visit OFinancialinc.com

Other stocks highlighted include:

SanDisk Corp. (NASDAQ: SNDK) shares gapped up slightly Wednesday morning and have continued to climb steadily. The stock is now up 1.22 at $42.17. SanDisk Corp. has been gaining ground for the past 3 weeks and has risen to over a 5-week high.

JAKKS Pacific, Inc. (NASDAQ: JAKKS) - Rigrodsky & Long, P.A. announces that it is investigating potential claims against the board of directors of JAKKS Pacific, Inc. concerning possible breaches of fiduciary duty and other violations of law related to the Company’s receipt of a proposal from Oaktree Capital Management, L.P., to acquire the remainder of the Company it does not already own for $20.00 per share in cash (the “Proposal”). The Proposal contemplates Oaktree’s acquisition of all of the outstanding shares of common stock of JAKKS it does not already own for $20.00 per share in cash. Oaktree already owns approximately 4.9% of the Company’s outstanding common stock. The investigation concerns whether JAKKS’ board of directors is adequately shopping the Company and working to obtain the best price possible for JAKKS’ shareholders. Indeed, according to Yahoo! Finance, at least one analyst has issued a price target for $24.00 per share for JAKKS stock.

Sequans Communications S.A. (NYSE: SQNS) announced that its LTE semiconductor technology has been officially approved by China’s Ministry of Industry and Information Technology (MIIT), a government entity responsible for the regulation and development of China’s wireless industry. The approval signifies that Sequans’ technology is qualified for use in LTE networks in China.

Gleacher & Company, Inc. (NASDAQ: GLCH) today announced the commencement of a modified “Dutch auction” tender offer to purchase up to 10 million shares, or up to 7.84%, of its outstanding common stock at a price of not less than $1.30 and not more than $1.55 per share. The tender offer will expire at 5:00 p.m., New York City time, on November 2, 2011, unless extended.

Brady Corp. BRC (NYSE: BRC) share prices of ID badge maker gained 7.52% after the company witnessed an increase in its fourth quarter profits and announced it was purchasing about 2 million of its own shares.

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All material herein was prepared by Obsidian Financial Communications, Inc. (OFC) based upon information believed to be reliable. The information contained herein is not guaranteed by OFC to be accurate, and should not be considered to be all-inclusive. The companies that are discussed in this opinion have not approved the statements made in this opinion. This opinion contains forward-looking statements that involve risks and uncertainties. This material is for informational purposes only and should not be construed as an offer or solicitation of an offer to buy or sell securities. OFC is not a licensed broker, broker dealer, market maker, investment banker, investment advisor, analyst or underwriter. Please consult a broker before purchasing or selling any securities viewed on http://OFinancialinc.com or mentioned herein. mPhase Technologies, Inc. (OTC: XDSL) - OFC has not been compensated for XDSL. In addition to any compensation mentioned above, additional compensation can be equal to ten percent of any newly issued or registered securities of the profiled companies. OFC's affiliates, officers, directors and employees may own shares and intend to buy and sell additional shares of the companies mentioned herein and may profit in the event those shares rise in value. OFC will not advise as to when it decides to sell and does not and will not offer any opinion as to when others should sell; each investor must make that decision based on his or her judgment of the market. To see OFC's full disclaimer / compensation, please visit our web site:  http://ofinancialinc.com/disclaimer

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