SOURCE: Bellwether Report

July 22, 2005 15:25 ET

BWR Issues Afternoon Alerts for Shareholders of SNDK, CIPH, WAVX and PXLW

NOTE TO EDITORS: The Following Is an Investment Opinion Being Issued by The Bellwether Report.

TORONTO -- (MARKET WIRE) -- July 22, 2005 -- The Bellwether Report is the leading online financial newsletter, focusing on small-cap emerging growth opportunities. We strive to introduce investors to truly undervalued opportunities in a time-friendly fashion, allowing for optimal entry points and profitable exit points. Today, BWR will be evaluating the four most promising companies on the Nasdaq Exchange: SanDisk (NASDAQ: SNDK), Ciphergen Biosystems (NASDAQ: CIPH), Wave Systems (NASDAQ: WAVX) and PixelWorks (NASDAQ: PXLW). For more information on BWR or any of the above-mentioned companies, feel free to visit for a free, no obligation, 30-day trial of our service.

SanDisk is trading up 12% today on higher than average volume, setting a new 52-week high -- $32.84 from $31.96. This comes as a result of the research firm Smith Barney Citigroup upgrading their action from sell to buy. BWR will keep Sandisk at the top of our gauge to see if they can maintain today's upward momentum.

Ciphergen Biosystems announced today that it's formed an alliance with Quest Diagnostics to develop and commercialize novel proteomic diagnostic tests based on Ciphergen's proprietary SELDI ProteinChip® technology. Currently Ciphergen is trading upwards of 10% on eight times their average volume. BWR will follow this company to see if they can maintain today's influx in demand.

Wave Systems made percent gainers today trading up 10% -- double their average volume. As their last news announcement came July 11th, BWR feels that in order for the company to sustain today's value the company is going to have to materialize on solid corporate development.

PixelWorks announced earlier this week they will be announcing second quarter results for 2005 on Wednesday of next week. In anticipation of today's news, shares have increased 10% in trading today. BWR will follow this company through next week to see if the report is what investors are waiting for.

Any information that we find on the above-mentioned companies will be posted at

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The Bellwether Report to date has not been compensated by any of the above-mentioned companies.

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