OGPS Investment Opinion Update:
TheSubway.com Announces Investment Opinion
WESTON, Fla.--(BUSINESS WIRE)--Aug. 4, 1999--TheSubway.com announces investment Opinions on Omicron Technologies Inc. (OTCBB: OGPS - news) with a 12 month target of $10-15 per share, Qwest Communications (NASDAQ: QWST - news), and Books-A-Million (NASDAQ: BAMM - news).
TheSubway.com announces investment Opinions on Omicron Technologies (OTCBB: OGPS - news) with a 12 month target of $10-15 per share, Qwest Communications (NASDAQ: QWST - news), and Books-A-Million (NASDAQ: BAMM - news).
Omicron Technologies Inc. (OTCBB: OGPS - news), From video cameras to machine vision, digital imaging is increasingly becoming more critical and in great demand worldwide. It is anticipated that Omicron Technologies APS CMOS sensors will
compete with and largely replace widely used CCDs. The markets for CCD products currently represents billions of dollars in annual sales with steady growth fueled by technological advances. In - Stat Group based in Scottsdale Ariz., sees the imaging chip market, including the products the chips are used in growing by 60% to $23 billion in 2002 with a 300% increase in the number of products sold. Peripheral Insight further estimates the total available market for digital imaging at 110 million units by 2002.
On October 16, 1998 the company announced a joint venture agreement with ViaSpace Technologies, LLC. to develop a new technology which is being utilized in NASA's New Millennium Deep Space 1 Mission to image the features of an asteroid and is also planned for Mars Landing in 2001. The APS will be combined with
advanced wireless radio technology to produce a wireless camera system. To date the company has been contacted by six wholesale distributors interested in the product.
Within the next six months the company is expecting to see yearly revenues and income of 8.2 million and 3.7 million respectively. Currently trading at $1.6875 after being up in a down market, the stock is slowly being accumulated with short term expectations of
over $5.00 per share and a long term (6-12 months) target of 15.
Qwest Communications (NASDAQ: QWST - news) was down 3% yesterday with over 7 million shares traded. Capital Research is looking for the support level around 25 - 26 dollars per share and than look for a steady upward trend. Qwest's goal is to become a 21st Century telecom heavyweight. To that end, on July 19th,
Qwest agreed to a $45 billion strategic merger with US West (NYSE:USW - news), betting that millions of new local customers will pour in billions of revenue to help the company battle the likes of AT&T (NYSE:T - news), MCI WorldCom (NASDAQ:WCOM news) and Sprint (NYSE:FON - news). While Qwest will likely spend the near term working out its US West merger, analysts say there are still a few pieces that the company needs to add to its local puzzle. In addition, Qwest may find itself the target of an even larger suitor at some point in the new millennium.
Books-A-Million Inc. (OTCBB: BAMM - news). BAMM in our opinion, is a competitor with Amazon.com (NASDAQ: AMZN - news) Barnes & Noble Inc. (NYSE: BKS - news) with one exception, the company is profitable. For the 13 weeks ended 5/1/99, net sales rose 14% to $85.1 million. Net income totaled $310 thousand, up from $10 thousand. There are many rumors floating around about this company
being a prime takeover candidate. At these prices, it may come true and if not, we feel that the stock has just bounced off the support level. Comparing to the industry, we think the company has a short term potential of at least $18 per share.
About TheSubway.com
TheSubway.com, a wholly owned online asset of Capital Research Group, Inc. was
developed solely for experienced, risk tolerant investors. Subscribers to
TheSubway.com receive daily market commentary reports for select companies trading
on various markets. Sophisticated investors are also able to receive for free, select, rare
research reports and investor kits on up and coming emerging companies while they are
still not widely known.
About Capital Research Group Inc.
Through TheSubway.com, Capital Research Group (CRG) introduces fundamentally
sound, undervalued companies to the investment community. Capital Research Group
strives to locate companies with enormous growth potential. CRG is a full
service public relations / Investor relations firm. For more information about our
products or services, please contact CRG at 954-217-9555 or visit us at
thesubway.com
Contact:
Charles T. Tamburello
President/CEO
Capital Research Group Inc.
Phone: 954-217-9555
Fax: 954-389-5756
Email: chuck@TheSubway.com
All material herein was prepared by Capital Research Group Inc. (CRG) based upon
information supplied by the company or other sources believed to be reliable. The
information contained herein is not guaranteed by CRG to be accurate, and should not
be considered to be all-inclusive. This discussion contains forward-looking statements
that involve risks and uncertainties. The company's actual results could differ materially
from those described in any forward-looking statements or announcements discussed
within. This material is for information purposes only and should not be construed as an
offer or solicitation of an offer to buy or sell the securities. CRG is not a licensed broker,
broker dealer, market maker, investment banker, analyst or underwriter. Please consult
a broker before purchasing or selling any securities viewed on www.thesubway.com.
CRG, its affiliates, and/or its officers, directors and employees may from time to time
have a position in these securities. CRG has been compensated by one or more
companies listed herein (25,000 shares of OGPS by a third party) for the preparation
and
distribution of this report. Detailed information about which is available by visiting
thesubway.com. Also any questions about this can be answered by calling
Capital Research Group Inc. Direct.
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