SOURCE: Wall Street News Alert

May 19, 2005 08:57 ET

Hot Stocks to Watch! May 19, 2005

NOTE TO EDITORS: The Following Is an Investment Opinion Being Issued by Wall Street Capital Funding.

WESTON, FL -- (MARKET WIRE) -- May 19, 2005 -- Wall Street News Alert's "stocks to watch" this morning are: WaveScribe International Corp. (OTC: WSBL), Sun Microsystems, Inc. (NASDAQ: SUNW), Lucent Technologies (NYSE: LU) and Nortel (NYSE: NT).

Once again, aggressive investors and traders may like what WaveScribe International Corp. (OTC: WSBL) has to say! Yesterday after the markets closed, the company issued a press release announcing that it is forginge ahead with its sales and marketing efforts by signing on a newly opened endoscopy center in Middlesex, Connecticut.

News of the additional contract should be more good news for the company! WaveScribe is an ideal single-point product for management of dictation, transcription, clerical and administrative workflow. The client expects its workload and number of WaveScribe users to grow steadily over the coming weeks as they ramp up operations.

WaveScribe, amplifying its sales and marketing efforts, is currently in negotiations to close several more accounts. The Company, expecting a number of new clients to sign on over the next several weeks, is proactively enhancing its network to accommodate major growth.

Investors continue to watch the progress of WaveScribe! Earlier this month, the company issued press releases announcing the expansion of its service and software offerings to one of California's top 10 HMO / Industrial Medicine providers AND that the company is enhancing and adapting its network to accommodate a significant increase in the number of clients.

For more in-depth coverage of WaveScribe International, visit http://www.backissuesofnewsalerts.us/WSBL0518.html

Prior to yesterday's press release, the stock closed yesterday at around Twenty cents a share.

In case you are not familiar with the company: Wavescribe offers the first web-based transcription software that was designed, developed, and deployed by transcriptionists. Documents created through WaveScribe have a 128-bit security encryption, HIPAA and Privacy Law compliance. Access to a medical or legal transcribed document for editing, reprints, updates, 24 hours a day in a simplified and cost-effective manner to handle the task of document control is now available. The WaveScribe platform requires no software to purchase, and installation on to a specific PC is not needed. The transcriptionist utilizing the platform can use several methods to create documents such as uploading existing documents and/or formats while maintaining the traditional methods of transcription such as analog tapes, digital tapes, handheld devices, phone in rerecorded or pushed and even computer generated methods. In addition, future advances include speech-to-text and net/web (documents created on a private network automatically stored and accessible on the internet platform).

Stocks showing interesting activity yesterday at the close of the regular trading day were: Sun Microsystems, Inc. (NASDAQ: SUNW) down 1.7% on 34.1 million shares traded, Lucent Technologies (NYSE: LU) up 0.7% on 48.6 million shares traded and Nortel (NYSE: NT) up 1.9% on 15.1 million shares traded.

Commentary:

"Housing prices, which account for 41% of the CPI, rose 0.3% in April after rising 0.5% in March, while homeownership costs rose 0.1% in April and rentals rose 0.3%. However, many analysts think that the CPI underestimates the cost of owning a home or rentals. Medical costs increased 0.2% for April, the smallest in two years. Apparel costs were down 0.5% for April after having a 0.8% increase in March. Fuel costs were up 1.8%," stated Sonja Rudd in Wall Street News Alert's daily commentary continued at: http://www.WallStreetNewsAlert.com.

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