Wall Street News Alert: SDVI Is Still on the Move! January 26, 200727 January 2007
Wall Street News Alert's "stocks to watch" this morning are: Signature Devices, Inc. (PINKSHEETS: SDVI), Symantec Corp. (NASDAQ: SYMC), Micron Technology, Inc. (NYSE: MU) and The Walt Disney Company (NYSE: DIS).
Signature Devices, Inc. (PINKSHEETS: SDVI) continues to issue news for investors. The company, a leading developer and publisher of advanced 3-D interactive games and simulation technology, issued a press release yesterday announcing that Graffiti Entertainment, LLC, the video game development and publishing subsidiary of the company, is shipping "Chain of Command: Eastern Front," a 3D Real Time Strategy (RTS) and combat game, to retailers.
It was just the day before that they announced shipping "Red Jets," a 3D combat jet plane game, to retailers.
Continue to watch this company. "We are taking advantage of the ever increasing video game market," said Kenneth Hurley, CEO. "According to market research firm NPD Group, U.S. sales of software, hardware and accessories were up 19 percent to $12.5 billion in 2006. Graffiti Entertainment was established to widen our market share in this industry."
Signature Devices is a premier developer and receives royalties from the video games it develops. Earlier this week, the company announced that it has been awarded contracts to develop two arcade games for GLOBAL VR (www.globalvr.com), the world's foremost manufacturer of coin-operated video games that are based on home PC gaming technology.
The company has a long list of noteworthy PC and Xbox game credits including "SAMURAI SHODOWN V" for Xbox, "King of Fighters '94 Rebout" for Xbox, "Far Cry" and "Medal of Honor - Pacific Assault," and many others. In addition, its Graffiti Entertainment subsidiary publishes video games from independent developers. This includes "Crazy Frog Racer" for the PC, "Chain of Command: Eastern Front" for the PC, "Red Jets" for the PC, "Back To Stone" for the Nintendo Game Boy® Advance, and "Mazes of Fate" for the Nintendo Game Boy® Advance.
Prior to the latest press release, the stock closed Thursday at Forty Four cents a share.
For Wall Street News Alerts in-depth profile of Signature Devices, visit http://www.thenewssvc.com/SDVI012507.html
In case you are not familiar with the company: Signature Devices, Inc., based in Sunnyvale, California, creates, develops and manufactures advanced information technology, including computer systems, software and electronics products. One of the company's premiere technologies includes a blend of hardware and software for Image generation technology used in video games and simulations.
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Symantec Corp. (NASDAQ: SYMC) up 2.8% on 39.4 million shares traded. Symantec is one of the leaders in infrastructure software, enabling businesses and consumers to have confidence in a connected world.
Micron Technology, Inc. (NYSE: MU) down 1% on 9.3 million shares traded. Micron Technology, Inc. is one of the world's leading providers of advanced semiconductor solutions.
The Walt Disney Company (NYSE: DIS) down 1.1% on 9.4 million shares traded.
Market Commentary:
"A record 3,000 megawatt wind turbines are slated to be built with more than $4 billion in investments and construction underway for 2007. The American Wind Association said it is a 25% increase from the 2454 megawatt turbines built in 2006," stated Sonja Rudd in Wall Street News Alert's daily commentary continued at: http://www.WallStreetNewsAlert.com.
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