SOURCE: Wall Street News Alert

Wall Street News Alert

September 30, 2008 08:33 ET

Wall Street News Alert: XDSL Is Tuesday's Stock to Watch! September 30, 2008

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

WESTON, FL--(Marketwire - September 30, 2008) - Wall Street News Alert's "stocks to watch" this morning are: mPhase Technologies, Inc. (OTCBB: XDSL), Northrop Grumman Corporation (NYSE: NOC), Raytheon Company (NYSE: RTN) and United Technologies Corp. (NYSE: UTX).

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mPhase Technologies, Inc. (OTCBB: XDSL) should have investors monitoring the stock closely! Yesterday the company, a leading microfludics and nanotechnology development company, issued a press release announcing that it returned from a highly successful exhibition at the 2008 NanoEurope conference, serving as a Silver Sponsor.

Good news for the company! During the conference, mPhase held live hourly demonstrations of the superhydrophobic effect showing how water beads up on a chemically treated solid surface. mPhase scientists also conducted two flawless demonstrations of its manually activated reserve lithium battery with a breakable separator designed for an emergency flashlight application on September 16th and 17th.

The NanoEurope conference further allowed mPhase to speak with several European companies and private investors in attendance concerning future collaborations, distribution, and manufacturing of the Smart NanoBattery. The mPhase NanoEurope team also met with financial analysts of Credit Suisse to follow up their research conducted at the beginning of 2008. In addition, mPhase met the design team of a major automotive manufacturer regarding development of the industrial design of the AlwaysReady Emergency Flashlight.

The NanoEurope exhibition, held concurrently with the technical congress, offered companies from a wide range of business sectors a showcase for nanotechnology-enabled products. Representing mPhase, Dr. Fred Allen closed the conference with a discussion on power management in wireless sensor systems and the advantage of Power On Command™ technology while fielding questions from those in attendance.

Investors are urged to continue to monitor the progress of the company! "We couldn't be more pleased by the NanoEurope exhibition and congress and the positive reception of attendees to mPhase's battery technology," stated mPhase CEO Ronald A. Durando.

The stock closed Monday at around Three cents a share.

For a recent Wall Street News Alert's in-depth profile of mPhase Technologies, visit http://www.WallStreetNewsAlert.com/HotStocks/XDSL092908/default.aspx.

Northrop Grumman Corporation (NYSE: NOC) down 2.2% on 3.2 million shares traded. Northrop Grumman Corporation is a global defense and technology company whose 120,000 employees provide innovative systems, products, and solutions in information and services, electronics, aerospace and shipbuilding to government and commercial customers worldwide.

Raytheon Company (NYSE: RTN) down 4.2% on 5.1 million shares traded. Raytheon Company, with 2007 sales of $21.3 billion, is a technology leader specializing in defense, homeland security and other government markets throughout the world. With a history of innovation spanning 86 years, Raytheon provides state-of-the-art electronics, mission systems integration and other capabilities in the areas of sensing; effects; and command, control, communications and intelligence systems, as well as a broad range of mission support services. With headquarters in Waltham, Mass., Raytheon employs 72,000 people worldwide.

United Technologies Corp. (NYSE: UTX) down 6.9% on 9.6 million shares traded. United Technologies, based in Hartford, Conn., is a diversified company that provides high technology products and services to the building and aerospace industries.

Market Commentary:

"Oil News: Prices plunged more than $10 a barrel Monday as a U.S. financial bailout plan failed to win legislative approval. Light, sweet crude for November delivery sank $10.52, or 10.1 percent, to settle at $96.36 on the New York Mercantile Exchange, after earlier dropping as low as $95.04," stated Sonja Rudd in Wall Street News Alert's daily commentary continued at: http://www.WallStreetNewsAlert.com.

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