InvestorsHub Logo
Followers 210
Posts 10749
Boards Moderated 0
Alias Born 02/17/2007

Re: None

Saturday, 02/17/2007 4:00:48 AM

Saturday, February 17, 2007 4:00:48 AM

Post# of 131532
InvestSource Inc.: iFinix Announces Near Completion of eFinix for Retail Investors, Shares Surge

Feb 12, 2007 (M2 PRESSWIRE via COMTEX) -- Stocks in the News: iFinix Corp. (OTC: INXR), Lear Corp. (NYSE: LEA), American Real Estate Partners LP (NYSE: ACP), Alcatel-Lucent SA (NYSE: ALU), MasterCard Inc. (NYSE: MA)
For Corporate or Company information in regards to InvestSource, Inc., please visit: www.investsourceinc.com or contact us at: info@investsourceinc.com

To hear "The Fastest 60 Seconds in the Small-Cap Market," please go to www.ceo-corner.com

Shares of iFinix Corp. (OTC: INXR) surged 12.5% last Friday, with nearly 109 million shares traded. iFinix announced on Friday that the development of the eFinix system is nearing completion and will be available to the public in the near future. The company (in conjunction with their marketing and advertising firm Ed Yeaker Associates) has determined that the forthcoming advertising campaign should channel all of its resources to launch the eFinix system into the homes and offices of the individual investor. This decision was based on the company's belief that, by drawing from its proprietary technology currently found in Phoenix Pro, the eFinix system will be superior to any other system available in the same price range. eFinix, a web-enabled tool, will maintain many of the robust features of Phoenix Pro, and provide complete market information, charting, technical analysis and level II market quotes to the investor at lower prices than the competition.

Auto parts supplier Lear Corp. (NYSE: LEA) said Friday that it agreed to a buyout offer by a group affiliated with billionaire investor activist Carl Icahn for about $2.8 billion, but left the door open for a better offer. At least one major shareholder said he would try to get others who own stock to oppose the deal. Under the agreement, Icahn-controlled American Real Estate Partners LP (NYSE: ACP) is paying $36 a share, and a Lear spokesman said that amounts to about $2.8 billion. It also includes the assumption of about $2.5 billion in debt.

Alcatel-Lucent SA (NYSE: ALU) said on Friday that it plans to cut another 3,500 jobs after it swung to a loss in the fourth quarter, the first earnings report from the recently combined telecom equipment maker. The Paris-based company cited tougher-than-expected market conditions, particularly in North America, and uncertainty among customers in the wake of the combination of the French and U.S. equipment makers.

MasterCard Inc. (NYSE: MA) said Friday that its fourth-quarter profit topped Wall Street expectations as consumer spending spiked, but the credit-card company warned margin growth may slow this year. The stock tumbled nearly 10 percent after hitting an all-time high in early trading. The Purchase-based company, which went public in May 2006, posted quarterly profit of $41 million, or 30 cents per share, compared with a loss of $53 million, or 39 cents per share, a year earlier. Excluding the impact of litigation settlements, MasterCard reported a profit of $41 million, or 31 cents per share, in the latest period. Revenue rose 17.2 percent to $839 million from $716 million a year ago.

Fridays Close: Wall Street retreated sharply Friday as investors glumly absorbed a spike in oil prices and comments from two Federal Reserve officials that unexpected economic growth could prompt an interest rate hike. Stocks had spent most of the session in positive territory after Thursday's pullback made for fertile ground for bargain hunters. The market also got a lift from analyst upgrades of the automobile sector, which sent Ford Motor Co. and General Motors Corp. higher.

ABOUT INVESTSOURCE, INC.:

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 a solicitation to buy or sell securities. InvestSource, Inc. has prepared all material herein based upon information believed to be reliable. The information contained herein is not guaranteed by InvestSource, Inc. to be accurate, and should not be considered to be all-inclusive. The companies that are discussed in this release have not given an opinion or approved the statements made in this release.

InvestSource, Inc. is not a licensed broker, broker dealer, market maker, investment banker, investment advisor, analyst or underwriter. InvestSource, Inc. affiliates, officers, directors and employees may also have bought, or may buy the shares discussed in this opinion and may profit in the event of a rise in value. InvestSource, Inc. will not advise as to when it decides to sell and does not, and will not, offer any opinion as to when others should buy or sell; each investor must make that decision based on his or her judgment of the market. Please consult your broker before purchasing or selling any securities mentioned herein. InvestSource, Inc. has been compensated $7,000.00 from INXR for services rendered. To view full disclaimers, please go to http://investsourceinc.com/php/disclaimer.php (disclaimers).

M2 Communications Ltd disclaims all liability for information provided within M2 PressWIRE. Data supplied by named party/parties. Further information on M2 PressWIRE can be obtained at http://www.presswire.net on the world wide web Inquiries to info@m2.com.