While the Nasdaq finished up to end the day, the day solely belonged to the Dow Jones, which finished on a record high for the fourth day in a row. The Dow crossed over the 14,000 mark for the first time in history today, crossing over the mark in morning trading and holding steady until the market’s close.Many of the markets were able to generate momentum after taking guidance from the Dow, but the S&P 500 slipped at day’s end as well to finish slightly down on the day. The positive market was able to produce gains in the lower markets, especially in the communications and entertainment industries.
HandHeld Entertainment’s (Nasdaq: ZVUE) share price rose today after the announcement that its third generation, value price MP3 video player, ZVUE 260, will be available for purchase at Walmart.com. Stock price increased 27 cents, or 15 percent, to $2.02 on volume of 1.7 million. The ZVUE 260, was called “iPod-esque” by leading technology new outlet Engadget when the product was first announced at the Consumer Electronics Show in January 2007.
Stocks in the communications industry witnessed rising share prices and gains following the moves in the larger markets earlier today. ERF Wireless (OTCBB: ERFW) announced today that its ERF Enterprise Network Services subsidiary has successfully completed a three-year testing and certification process for delivery of Wireless Internet Service Products (WISP) securely across a financial institution’s BranchNet system and the company’s U.S.-BankNet infrastructure. The stock price of ERF Wireless gained 50 percent, or 30 cents, to close at 92 cents on volume of 1.4 million.
“A typical WiNet system deployed across a financial institution’s encrypted BranchNet structure is projected to generate about $1 million per year in revenues to ERF Wireless after a two-year ramp-up period,” explained John A. Burns, chairman and CEO of ERF Enterprise Network Services.
The company also expects to generate over $130 million from this project over the next 10 years.
Voice Mobility International Inc. (OTCBB: VMII) announced its partnership with Communications Resources Inc. today to replace Legacy Messaging Equipment.
“The partnership with VMI will allow CRI to offer clients a flexible and reliable next-generation messaging strategy, previously only available to service providers,” said Robert Gill, CRI’s president and CEO, in a statement. “Together we answer the customer’s demand for a robust premise-based solution at a very competitive price.”
After the news of the partnership this morning, VMII stock price made positive gains climbing 4 cents, or 18 percent, to 26 cents at the close of the markets