What a Short, Strange Trip It Has Been
On March 10th of last year, the dot com and tech heavy Nasdaq exchange closed at 5,048. This
week, we saw the Nasdaq hit a 2-year low as investors continued to pull away from the tech stocks
and many analysts who thought the bottom had already been hit, were recalculating their estimates.
Wall Street has, in less than one year, moved from a speculative bull to a more cautious and prudent
animal, paying attention to earnings, revenues and profits...or the rules of good sound business.
The New Economy is learning that the cornerstones of the Old Economy still talk the talk and walk
the walk when it comes to investor scrutiny.
Trading volume has been very heavy and for everyone who is bailing out and selling, someone else
is snapping it up at bargain prices. Did you ever think you would be able to buy Cisco at $25?
The good news is, although investors have been selling their shares of tech stocks, they have been
buying in many other sectors, showing confidence in an economic rebound during the second half of
the year.
This week on Emerging Company Report........
Hollywood, CA-Emerging Company Report is the nationally syndicated television program profiling
emerging-growth companies (http://www.emergingcompany.com), featuring informative interviews
with the CEOs, insights into their operations and outlooks for their futures.
Featured companies on this week’s edition include;
Ed Kelly, CEO of Tasty Fries, Inc. (OTC-BB: TFRY), demonstrated his company’s unique french
fry vending machine, which cooks a fresh bucket of french fries in about 1 minute. “The machine
can vend up to 500 orders without being refilled or serviced”, said Kelly. “Because we use a
dehydrated potato product which makes a new batch of french fries each time, there are no spoilage
concerns”. The company has several machines “in the field” and endeavors to have a Tasty Fries
vending machine “next to every soft drink machine in the country”, said Kelly. The company
recently announced an agreement with Nestle.
Anthony Lapine, CEO of Semotus Solutions, (AMEX: DLK) formerly Datalink.net, updated news
about his company as a market-leading wireless infrastructure provider.
Steve Rosenthal, Ed.D., President of The Majestic Companies, Ltd. (OTC-BB: MJXC) appeared on
the program via satellite from the floor of the American Stock Exchange and announced that the
company had been featured in a half-page USA Today newspaper article earlier this week.
Free information packages from the featured companies can be requested by sending an email to
info@emergingcompany.com.
Viewers of Emerging Company Report can receive free information in the mail about featured
companies by calling a toll-free phone number on their TV screen. The weekly television program
debuted in 1996 and is seen nationally on Friday evenings at 11:00 ET, 8:00 PT, Saturdays at 4:00
PM ET, 1:00 PM PT and Sunday mornings at 11:00 ET, 8:00 PT. It also airs in New York on
Thursdays at 11:30PM and Saturdays at 6:00PM. The program is broadcast to over 30 million cable
TV homes in more than 300 cities nationwide.
A complete menu of cable TV channels is available at the Emerging Company Report web site,
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on any computer .
Emerging Company Report television program, Copyright 2001, all rights reserved. Emerging
Company Report does not provide an analysis of companies' financial positions and is not soliciting
to purchase or sell securities of the companies, nor are we offering a recommendation of featured
companies or their stocks. Information discussed herein has been provided by the companies and
should be verified independently with the companies and a securities analyst. Emerging Company
Report has been paid a cash fee of $11,500.00 by the featured companies, does not accept company
stock as payment for services, does not hold any positions, options or warrants in featured
companies and the information herein is not an endorsement by the producers, publisher or parent
company of Emerging Company Report. |
