SOURCE: Wall Street News Alert

July 11, 2006 09:08 ET

Wall Street News Alert: ABSY, Tuesday's Stock to Watch! July 11, 2006

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

WESTON, FL -- (MARKET WIRE) -- July 11, 2006 -- Wall Street News Alert's "stocks to watch" this morning are: AbsoluteSKY, Inc. (PINKSHEETS: ABSY), Broadcom Corporation (NASDAQ: BRCM), Apple Computer Inc. (NASDAQ: AAPL) and Sun Microsystems (NASDAQ: SUNW).

AbsoluteSKY, Inc. (PINKSHEETS: ABSY) may be a target of aggressive investors and day traders this morning! Yesterday after the stock markets closed, the company, which became publicly traded in May, issued a press release announcing that it and Fujitsu Transaction Solutions Inc. have signed a strategic reseller agreement to offer AbsoluteSKY's intelliTRACKER™ product suite to retailers for real-time item-level tracking.

News of the strategic agreement should get the attention of investors! By virtue of this strategic relationship, the companies are assertively responding to the fact that item-level inventory tagging is a growing imperative in the retail industry. As highlighted in a December 2005 survey of retail managers conducted by AMR Research, Boston, 42% of respondents say that item-level tagging will be their organization's most strategically important technology investment over the next 12 to 24 months.

Continue to watch this company! "Fujitsu's enormous market presence and reputation for reliable, quality service is a major plus as we bring this powerful value proposition to the retail market," remarked John Frabasile, president and CEO of AbsoluteSKY. "Together we are first-to-market with a breakthrough solution that delivers measurable benefits and clear ROI to the specialty retailer, as well as the ability to meaningfully and fundamentally improve day-to-day operations," added Frabasile.

Investors should continue to monitor the progress of AbsoluteSKY! IntelliTRACKER™ technology (patent-pending) integrates with retailers' enterprise and store-level systems, providing an unprecedented level of inventory visibility and operational enhancements -- automating such functions as store receiving, stock replenishment, warehouse receiving and shipping, as well as tracking and control of markdown counts, style-aging and store-to-store transfers. The system also brings Loss Prevention to a whole new level, well beyond the capabilities that Electronic Article Surveillance (EAS) systems have demonstrated in the marketplace today.

Wall Street News Alert is placing Aggressive Investors on alert to watch the progress of AbsoluteSKY! "RFID is widely regarded as the next transformational technology for retail operations," said Austen Mulinder, president and CEO of Fujitsu Transaction Solutions. "Combining the capabilities of AbsoluteSKY's RFID solutions with Fujitsu's product portfolio will enable retailers to fully realize the benefits of RFID technology in the store environment."

Under terms of the agreement, Fujitsu will resell intelliTRACKER™ into its extensive base of current and prospective retail customers. The agreement also sets the structure for AbsoluteSKY, an innovator in RFID-based inventory tracking systems, to resell Fujitsu products into its customer base.

Prior to the latest press release, the stock closed yesterday at $1.18 a share.

For an in-depth profile of AbsoluteSKY, visit http://www.thenewssvc.com/ABSY071006.html

To view all of Wall Street News Alert's special early morning trading alerts for this morning, visit www.WallStreetNewsAlert.com, where you may also sign up to receive free email alerts in advance of our press releases being issued.

In case you are not familiar with the companies: AbsoluteSKY, Inc. specializes in the design, development and implementation of Radio Frequency IDentification (RFID) technology that provides real-time item-level inventory tracking for retail customers. Based in Montreal, Canada, the Company's business model combines strategic, creative and technical skills to deliver solutions that help its clients achieve their business objectives through the use of AbsoluteSKY's breakthrough technology and extensive knowledge of their business operations.

Fujitsu Transaction Solutions Inc., a wholly owned subsidiary of Fujitsu Limited, collaborates with retailing companies to relentlessly reduce their costs and facilitate consumer interactions that improve their profitability. Fujitsu's Pervasive Retailing™ approach enables companies to minimize the time, cost and risk of creating interoperability between disparate applications and devices that support a multitude of consumer touch points. Customers include Canadian Tire, Chevron Corporation, Hannaford Bros., H-E-B, Kroger, Loblaws, Nordstrom, Payless ShoeSource, Regal Cinema, Ross Dress for Less, Staples, Stop & Shop and The TJX Companies, among others. Headquartered in Tokyo, Fujitsu Limited reported consolidated revenues of about 4.8 trillion yen (US$40.6 billion) for the fiscal year ended March 31, 2006.

Broadcom Corporation (NASDAQ: BRCM) down 1.2% on 16.2 million shares traded.

Broadcom Corporation is a global leader in semiconductors for wired and wireless communications.

Apple Computer Inc. (NASDAQ: AAPL) down 0.7% on 18.9 million shares traded.

Apple is an award-winning desktop and notebook computer manufacturer.

Sun Microsystems (NASDAQ: SUNW) down 2.3% on 70.8 million shares traded.

Sun is in the development of technologies that power some of the world's most important markets.

Commentary:

"Elsewhere, gold fell $5.80 to $629 an ounce and oil was down by 34 cents to trade at $73.75 per barrel by midday. In interest news, the Bank of Japan is expected to raise interest rates this week, they have been at ZERO for five years. The European Central Bank held its key rate of 2.75% steady, but said they may raise rates next month," stated Sonja Rudd in Wall Street News Alert's daily commentary continued at: http://www.WallStreetNewsAlert.com.

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