WESTON, FL--(Marketwire - August 10, 2009) - Wall Street News Alerts' "stocks to watch" this morning are: Omnicity Corp OMCY, Comcast Corporation CMCSA, The Hartford Financial Services Group, Inc. HIG and Motorola, Inc. MOT.
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Omnicity Corp OMCY continues to push forward with its goal of becoming the first broadband service provider to expand its network across rural America. Friday, the company issued a press release announcing that a major strategic technology decision by choosing Cisco to deploy wireless broadband service throughout its network.
In order to increase mobile broadband coverage and bandwidth, Omnicity is migrating from the 802.11 wireless standard to the WiMAX 802.16e standard using Cisco's Broadband Wireless Access (BWX) WiMAX antennas and base stations. Omnicity uses Cisco equipment at its core and has already deployed Cisco's BWX platform in a portion of its network.
Omnicity will leverage this experience working with Cisco to deploy Cisco's BWX platform throughout the remainder of its network, which should further accelerate the pace of Omnicity's goal to be rural America's premier consolidator and rural broadband service provider.
Greg Jarman, CEO of Omnicity, said, "There are only a few carrier-grade WiMAX vendors out there today, and we are excited to have chosen Cisco as our strategic equipment supplier. Its prowess in the network world is one of the best and with their BWX platform they are delivering an end-to-end Internet Protocol Next-Generation Network that delivers the best indoor coverage and portable mobile performance in the industry. The agreement with Cisco will also give us access to Cisco's vendor financing program, systems engineering, technical assistance and our planned stimulus grant writing. Having selected a vendor, we now turn our attention to spectrum holders around the country."
The stock closed Friday at Fifty Five cents a share.
For an in-depth profile of Omnicity Corp, visit: http://wallstreetnewsalert.com/view-company-profiles.php?profile=OMCY_080909.
Comcast Corporation CMCSA down 0.5% on 31.4 million shares traded. Comcast Corporation is the nation's leading provider of entertainment, information and communication products and services.
The Hartford Financial Services Group, Inc. HIG up 7.5% on 26.6 million shares traded. The Hartford is an insurance-based financial services company that serves households, businesses and employees by helping to protect their assets and income from risks, and by managing wealth and retirement needs.
Motorola, Inc. MOT up 0.2% on 21.8 million shares traded. Motorola is known around the world for innovation in communications and is focused on advancing the way the world connects.
Market Commentary:
The Labor Department's report Friday showed that the unemployment rate dropped a notch to 9.4 percent in July, from 9.5 percent the previous month.
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