SOURCE: Wall Street News Alert

April 04, 2005 09:08 ET

Wall Street News Alert: eLinear Wins Another Major Contract!

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

WESTON, FL -- (MARKET WIRE) -- April 4, 2005 -- Wall Street News Alert's "stocks to watch" this morning are: eLinear, Inc. (AMEX: ELU), Apple Computer Incorporated (NASDAQ: AAPL), Sprint Corporation (NYSE: FON) and Bank of America Corporation (NYSE: BAC).

Aggressive investors and day traders may have their sights on eLinear, Inc. (AMEX: ELU) this morning! Late Friday after the stock markets closed, the company issued a press release announcing that it has won another $500,000 in new solutions business.

This is more great news for investors! In addition to this announcement, eLinear has recently announced in excess $1,350,000 in new solutions within the past 45 days and record revenue growth to $24,000,000 for fiscal 2004. This newly announced business will be realized in the first and second quarters of 2005. The company expects to make additional announcements in the near future.

Keep your eyes open for future developments! The news projects are for communications infrastructure deployment for Prairie View A&M University, Channelview ISD, Clear Creek ISD, Galena Park ISD and Klein ISD. The Prairie View A&M University project will be for the new Juvenile Justice building. Prairie View A&M is part of The Texas A&M University System which is made up of nine universities, seven state agencies and a comprehensive health science center. The A&M System educates nearly 100,000 students, conducts more than $500 million in research and reaches another 11 million people through service each year.

For more in-depth coverage of eLinear, visit

The stock closed yesterday at Seventy-Nine cents a share.

In case you are not familiar with the company: eLinear, Inc. is a communications, security and compliance company providing integrated technology solutions including information and physical security, IP Telephony and network and storage solutions infrastructure. Typically, the company's customers are Fortune 2000 and small to medium sized business organizations. eLinear's services are offered to companies seeking to increase productivity or reduce costs through investing in technology. eLinear has a national and international footprint and has its headquarters in Houston, Texas.

Stocks showing interesting activity Friday at the close of the regular trading day were: Apple Computer, Inc. (NASDAQ: AAPL) down 1.8% on 22.9 million shares traded, Sprint Corporation (NYSE: FON) down 0.04% on 12.9 million shares traded and Bank of America Corporation (NYSE: BAC) down 0.2% on 11.7 million shares traded.


"Strong growth in the service sector and record high oil prices sent stocks sharply lower Friday on renewed inflation fears. The early release of the Institute for Supply Management's service sector index, which wasn't due until Tuesday, showed greater-than-expected growth in non-manufacturing businesses, and a sharp jump in consumer prices," stated Sonja Rudd in Wall Street News Alert's daily commentary continued at:

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