Don't Miss These Technology Leaders: ELU, SONSE, EXTR, AVNX, ERICY.

M2 PRESSWIRE-21 July 2004-InvestSource Inc.: Don't Miss These Technology Leaders: ELU, SONSE, EXTR, AVNX, ERICY(C)1994-2004 M2 COMMUNICATIONS LTD

RDATE:07212004

Stocks in the News: eLinear Incorporated (AMEX: ELU), Sonus Networks Incorporated (NASDAQ: SONSE), Extreme Networks Incorporated (NASDAQ: EXTR), Avanex Corporation (NASDAQ: AVNX) and Telefon AB LM Ericsson (NASDAQ: ERICY)

eLinear, Incorporated (AMEX: ELU) is a provider of comprehensive security solutions, Internet protocol (IP) telephony and network and storage solutions.

For the fiscal year ended 12/31/03, revenues increased 76% to $13.6 million.

Keep an eye on this rapidly growing micro-cap.

Sonus Networks Incorporated (NASDAQ: SONSE) shares rose 17.8% yesterday to close at $4.83. Sonus Networks was upgraded yesterday by Pacific Growth Equities and recently concluded an internal investigation linked to a restatement of its 2001-03 fiscal years.

Extreme Networks Incorporated (NASDAQ: EXTR) gained 11.64% to close Tuesday at $5.66 with above average trading volume on the eve before Q2 earnings release.

Keep an eye on this company for short term volatility.

Avanex Corporation (NASDAQ: AVNX) gained 9.75% by Tuesday`s close at $3.04 after recent news that the company filed with the U.S. Securities and Exchange Commission to periodically sell up to $100 million in debt, common stock, preferred stock, depositary shares and warrants.

Telefon AB LM Ericsson (NASDAQ: ERICY) shares gained $0.39 during normal trading and after hours at $26.76 on the eve of the Q2 earnings call. Keep an eye on this company for short term volatility as the stock starts to move.

Federal Reserve Chairman Greenspan told the senate yesterday that inflation will likely remain low while the GDP growth will accelerate this year.

Greenspan said core inflation would be 1.75% to 2% this year, and 1.5% to 2% next year where as the real GDP growth was forecast at 4 1/2% to 4 3/4% this year (stronger than in the first half) and 3 1/2% to 4% next year.

Consequently, the three main indices finished up yesterday on light volume as the Dow gained 0.54% while the Nasdaq and S&P 500 finished a respective 1.76% and 0.71% higher.

Keep the Alerts On!

InvestSource has put a Money Alert on these companies. To understand what these alerts mean go to http://www.investsource.us/ Also check out the InvestSource performance page at http://investsource.us.gosynapse.com/default.asp?c=1808 to chart our impressive track record with clients.

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All material herein was prepared by InvestSource based upon information believed to be reliable. The information contained herein is not guaranteed by InvestSource to be accurate, and should not be considered to be all-inclusive.

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