Richard Davies wrote: The UK has a good crop of technology pioneers in cloud computing - for example ElasticHosts, FlexiScale, Flexiant, OnApp - and also some strong government initiatives such as G-Cloud.
We will have to see whether this kind of technical leadership converts into swift mass-market adoption or not.
WESTON, FL -- (MARKET WIRE) -- 02/02/07 -- Wall Street News Alert's "stocks to watch" this
morning are: CO2 Tech Ltd (PINKSHEETS: CTTD), GE (NYSE: GE), Symantec Corp.
(NASDAQ: SYMC) and Marathon Oil Corporation (NYSE: MRO).
The stock of CO2 Tech Ltd (PINKSHEETS: CTTD) has been extremely active and
volatile since Wall Street News Alert initiated coverage of the company on
Tuesday. With over 25 million shares changing hands this week, the stock
has fluctuated between ninety cents and two dollars as the company
announced the successful completion of the reverse merger with China Energy
& Carbon Black Holdings, Inc. and trading under the symbol CTTD.
Today's trading in the stock should be no exception! Yesterday after the
markets closed, the company, a provider of cutting-edge, anti-global
warming technology solutions, issued another press release, this time
announcing that it will lead the analytical assessment phase of the Guyana
Conservancy Adaptation Project, a large-scale World Bank environmental
project, sponsored by the Global Environment Facility.
This is big news. The Special Climate Change Fund (SCCF) of the Global
Environment Facility, of which the World Bank is a trustee, has granted
$3.8 million in this project, with overall project costs estimated to reach
$20 million.
The Guyana Conservancy Adaptation Project involves large infrastructure
components aimed at strengthening physical assets and infrastructure to
help reduce Guyana's vulnerability to intense climatic events. In view of
global climate changes, and the impact of sea level rise, the current
ad-hoc approach to flood control in Guyana is no longer viable.
CO2 Tech will lead specific actions, including a comprehensive analytical
assessment, for upgrading the conservancy and strengthening drainage
capacity in the face of increased sea levels and more variable rainfall.
The project will target vulnerable coastal communities who stand to lose
their homes and livelihoods due to flooding.
Helga Schotten, President of CO2 Tech, notes, "CO2 Tech is proud to work
with these global partners on projects that will solve the problems of
Guyana and increase global awareness to the importance of worldwide
physical infrastructure upgrades to reduce vulnerabilities brought on by
global warming. The Guyana Conservancy Adaptation Project represents
important opportunities for global learning and an outstanding opportunity
for CO2 Tech to participate in its future applications as well. The project
is expected to serve as a template that could be applied to countries with
similar geographical attributes."
Wall Street News Alert is continuing to place Aggressive Investors on alert
to monitor the progress of CO2 Tech! Tuesday after the markets closed, the
company announced that it will join Boeing's global commitment to support
anti-global warming activities and other environment efforts. Boeing's
interest has been captured by CO2 Tech's new solution to reduce polluting
gases emitted from airplanes at high altitudes. CO2 Tech's new dispersion
solution for high-altitude gaseous aircraft emissions is based on speed
fluctuations. Exploiting the airplanes' speed, CO2's unique mechanism will
compress and decompose the destructive gases before emission through a
dedicated system. The company expects its new product to make a significant
contribution to the aviation industry's need to reduce ecological
contamination. CO2 Tech will proceed in the development of its innovative
solution, which will be presented to Boeing upon completion of its
development, so that Boeing may be the first aircraft manufacturer to
implement the new anti-global warming system and successfully reduce air
pollution from high-altitude emissions.
Prior to the latest press release, the stock closed Thursday at $1.18 a
share.
In case you are not familiar with the company: CO2 Tech, a UK-based
company, provides cutting-edge, sophisticated anti-global warming
technologies along with a full range of expert consulting, and
environmental products and services to businesses, industries and
governments. CO2 Tech's innovative approach provides high quality,
maintenance-friendly system solutions that offer cutting-edge technological
developments and outstanding reliability.
The company offers its customers the benefits of its cutting-edge
technological products, proprietary innovations and rich experience in
industrial applications of control equipment, with petroleum, factories,
mining, metals, boilers, glass, chemicals, woodworking, quarries, textiles
and most other heavy industries. CO2 Tech fosters strong partnerships and
alliances with leading environmental engineering companies and research
institutions worldwide to develop, manufacture and market high-quality
instruments, systems, and services for its clients.
GE (NYSE: GE) up 0.5% on 37.8 million shares traded.
GE is Imagination at Work -- a diversified technology, media and financial
services company focused on solving some of the world's toughest problems.
Symantec Corp. (NASDAQ: SYMC) up 1.1% on 16.9 million shares traded.
Symantec is one of the leaders in infrastructure software, enabling
businesses and consumers to have confidence in a connected world.
Marathon Oil Corporation (NYSE: MRO) up 0.6% on 5 million shares traded.
Marathon is the fourth-largest U.S.-based fully integrated international
energy company engaged in exploration and production; integrated gas; and
refining, marketing and transportation operations.
Market Commentary:
"U.S. factory orders were down slightly in January, says the ISM, Institute
of Supply Management, the second time in three months. The slight drop was
unexpected. Additionally, core inflation, excluding food and energy, rose
to only 0.1%, the second straight month of stable numbers. The labor
Department said that jobless claims for last week fell by 20,000 to
307,000," stated Sonja Rudd in Wall Street News Alert's daily commentary
continued at: http://www.WallStreetNewsAlert.com.
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