InterDigital Inc (IDCC)

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Wall Street News Alert: Aggressive Investors Alert! February 16, 2006
Weston, FLA., Feb 16, 2006 (M2 PRESSWIRE via COMTEX) -- Wall Street News Alert's "stocks to watch" this morning are: China Digital Communication Group (OTCBB: CHID), NetEase.com, Inc. (NASDAQ: NTES), Patriot Scientific Corporation (OTCBB: PTSC), MobilePro Corp. (OTCBB: MOBL), and Broadcom Corporation (NASDAQ: BRCM).
China Digital Communication Group (OTCBB: CHID) will likely get the attention of investors as the markets begin trading this morning. Yesterday after the stock markets closed, the company, one of the fastest growing battery components manufacturers in China, issued a press release announcing that it has entered into an agreement to acquire one of the leading power suppliers to the domestic market (China) and that is a pioneer of third generation (3G) power supply technologies and equipment.
The company is UPE (Far East) Limited ("UPE"), which operates through its wholly owned subsidiary company, Shenzhen Zhuo Tong Power Supply Industry Co., Ltd. ("Zhu Tong").
This is big news for China Digital and likely will appeal to investors! In 2005, Zhuo Tong had unaudited revenues of $5.4 million USD, and unaudited net income of US$1.85 million.
Wall Street News Alert is putting aggressive investors on high alert to continue watching this company! Changchun Zheng, CEO and Chairman of China Digital, stated, "The acquisition of Zhuo Tong is a pivotal step in transforming China Digital from a mobile phone components manufacturer into a 3G technology and equipment system provider. Zhuo Tong leads the 3G power supply market in China with an impressive customer base and technological intellectual property, and will be immediately accretive to our earnings. The combination of Zhuo Tong and our battery shell manufacturing subsidiary Shenzhen E'Jenie provides a synergistic platform to drive aggressive future growth."
Zhou Tong provides power supply technology and equipment to China's "Big Four" - China Mobile, China Unicom, China Telecom, and China Netcom. Zhuo Tong serves large-scale commercial and industrial telecommunication operators; electrical power supply system providers, electricity utilities and other ancillary service providers. Zhuo Tong is ISO9001 quality control certified; holds a TLC license for producing telecommunication equipment and components in China; and is a member of the Chinese Power Source Academic Society.
Aggressive investors need to watch this company VERY closely! Pursuant to the acquisition agreement, China Digital will acquire 100% of UPE in an all stock transaction valued at approximately US$11.1 million. China Digital will issue 18.5 million shares to the shareholders of UPE in exchange for all of the shares UPE. Upon completion of the acquisition, the shareholders of UPE will own approximately 25% of China Digital. The closing of the acquisition is subject to various conditions, including the completion of an audit of Zhuo Tong's financial statements, the completion of financial due diligence on UPE and Zhuo Tong by China Digital and the receipt of customary consents, approvals and opinions.
Prior to yesterday's press release, the stock closed yesterday at Sixty Four cents a share.
To view a detailed, in-depth profile of China Digital Communication, visit http://www.thenewssvc.com/CHID021506.html To view all of Wall Street News Alert's special early morning trading alerts for this morning, visit www.WallStreetNewsAlert.com, where you may also sign up to receive free email alerts in advance of our press releases being issued.
In case you are not familiar with the company: China Digital Communication Group, through its Shenzhen E'Jenie subsidiary, is a rapidly growing manufacturer of battery shells and related technology for use in electronic products, primarily mobile phones. Since December 2003, the Company has adopted the approach of using licenses, joint ventures, mergers and acquisitions to bring battery and telecom equipment makers in China to markets overseas. The Company's products now power digital cameras, camera phones, PDAs and laptop computers in East Asia and beyond. China Digital is continuing its expansion across China, while also seeking distribution partners in the United States.
NetEase.com, Inc. (NASDAQ: NTES) up 0.5% on 358,000 shares traded. NetEase.com, Inc. is a leading China-based Internet technology company that pioneered the development of applications, services and other technologies for the Internet in China. Their online communities and personalized premium services have established a large and stable user base for the NetEase websites which are operated by our affiliate.
Patriot Scientific Corporation (OTCBB: PTSC) up 54.8% on 25.5 million shares traded.
Patriot Scientific develops and markets innovative and proprietary semiconductor technologies. The Company's portfolio of proprietary designs encompasses what is believed to be fundamental ultra-low-power array microprocessor technology, as well as pending patents designed to protect Patriot's proprietary technology.
MobilePro Corp. (OTCBB: MOBL) up 24.3% on 16.7 million shares traded. MobilePro Corp. is a wireless broadband company, serving wireless broadband customers through its subsidiaries NeoReach Wireless and Kite Broadband. The company is focused on creating shareholder value by acquiring and growing profitable telecommunications companies, developing innovative wireless technologies and forging strategic alliances with well-positioned companies in complementary product lines and industries. MobilePro serves lines throughout the United States, primarily through its CloseCall America, American Fiber Network, Kite Broadband and Nationwide Internet subsidiaries.
Broadcom Corp (NASDAQ: BRCM) up 0.1% on 10.1 million shares traded. Broadcom Corp is a wired and wireless communications semiconductors company. Broadcom Corp announced its new CellAirity mobile platform for next generation cellular handsets.
Commentary: "In the past the FOMC, the Fed's committee on interest rates, has opted to increase the overnight rate 14 times since the middle of 2004. In his first report to Congress, Bernanke left little doubt, according to experts, that at the next meeting in March the FOMC will still be in tightening mode," Stated Sonja Rudd in Wall Street News Alert's daily commentary continued at: http://www.WallStreetNewsAlert.com.
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