PLC Network Solutions announces letter of intent to acquire an international VoIP Provider: TMXO, SONS, XING, YHOO, BIDU.

M2 PRESSWIRE-10 November 2005-SessionsIR.com: PLC Network Solutions announces letter of intent to acquire an international VoIP Provider: TMXO, SONS, XING, YHOO, BIDU(C)1994-2005 M2 COMMUNICATIONS LTD

RDATE:10112005

Stocks in the News: Trimax Corporation (OTC: TMXO), Sonus Networks Incorporated (NASDAQ: SONS), Qiao Xing Universal Telephone Incorporated (NASDAQ: XING), Yahoo Incorporated (NASDAQ: YHOO), Baidu.com Incorporated (NASDAQ: BIDU)

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Trimax Corporation (OTC: TMXO), through its wholly owned subsidiary PLC Network Solutions Inc. ("PLC"), a Broadband Over Powerline communications company, announced that it has signed an letter of intent to acquire Beamax Telecom Inc. of Montreal, Quebec. Terms of the transaction were not disclosed. Beamax is an international provider of Voice over Internet Protocol (VoIP) services. Not only will the acquisition combine the synergies and bundled services of both companies, it will give PLC significant market traction, a great team and an additional base of operations for deployment through most of Canada and the US. The adoption of VoIP Communications accelerated in 2004 to approximately 8 million home users worldwide. By 2009, industry experts anticipate this number to grow to over 58 million.

Sonus Networks Inc. (NASDAQ: SONS) stock fell Wednesday, a day after the communications-technology specialist reported a third-quarter loss. Chelmsford, Mass.-based Sonus, which makes networking systems for Internet phone services, said its results were affected by delayed orders from two of its largest customers. Investors didn't like the sound of that report, and sent Sonus shares down 83 cents, or 16 percent, to $4.23 on the Nasdaq Stock Market. Sonus said it lost $2.7 million, or 1 cent a share, compared with a profit of $10.3 million, or 4 cents a share, in the same period a year ago.

Qiao Xing Universal Telephone Inc. (NASDAQ: XING), one of China's biggest makers of cell phones and other telecommunications gear, on Wednesday forecast 2005 net income will reach $24 million, up 60 percent from last year's reported profit. The company said it has recently won orders worth $70 million from distributors of pocket personal computer mobile phone handsets in China, and predicted it would receive many more orders in the future. Qiao Xing shares added 43 cents, or 6.9 percent, to $6.66 on the NASDAQ.

The entrepreneur who runs Yahoo Inc.'s (NASDAQ: YHOO) China-based Web portal has announced a new strategy based on promoting the site as a search engine, saying he's ready to spend heavily in a battle with Chinese-language search leader Baidu.com (NASDAQ: BIDU) Wednesday's announcement by Jack Ma, chief executive officer of Alibaba.com, highlighted the intense rivalry in China's market of more than 100 million Internet users. Alibaba took control of Yahoo's China sites in a deal in August, in which Yahoo bought 40 percent of the Chinese company. Alibaba unveiled a redesigned, simplified Chinese-language Yahoo site that focuses on a search box and drops entertainment listings and other features of the earlier site.

Wednesdays Close: The market found its footing after lunch, taken higher by some broad-based buying efforts. Though the indices managed to close with modest gains, they were well pared during the final half hour of trading. Lacking much market-moving news, the corporate and economic fronts left investors without any strong catalysts. The EIA's latest energy inventory report sat center stage, but had little effect on overall trading, except for within the Energy sector, that is. Much better than expected builds in crude and gasoline initially sparked a sharp decline in crude futures contracts; in turn, the Energy sector fell to a market-dragging loss. The unexpected draw-down in distillate supply perhaps stole the focus, however, and reversed the sector's course. The paring of its loss lifted a lid off of the indices, but its late return to the red took the market back down.

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