Dow Jones 9474.21 -28.59  9:05 pm EST, Sat., June 15, 2002  NASDAQ 1504.74 +7.88  For info, visit access.smallcapnetwork.com .  S & P 500 1007.28 -2.29  To be removed, please click here .  Russell 2000   459.07 +3.09  VOLUME 02: ISSUE 41 SmallCap Digest Weekend Edition: More Pain In The Wireless Sector *We have a special edition next week that features an interview with Ron Altbach, CEO of Cross Media (XMM). Be sure to look for it! Just when it looked like the wireless industry may be bottoming Sprint PCS (PCS) dropped an anvil on the sector.  The company's stock fell 41% to $4.40 per share on news of drastically slower subscriber growth.  PCS slashed its second quarter target for new users to 300,000 from Wall Street estimates that ranged from 600,000 to 700,000.  The news sent all the wireless carriers into a tailspin. AT&T Wireless (AWE) lost 9.45% to close at an all time low of $5.75 per share. Nextel (NXTL) actually bucked the trend by advancing 7.98% to $4.48 per share as the company confirmed Tuesday that it would meet expectations of generating at least $2.5 billion in EBITDA (earnings before interest, taxes, depreciation and amortization) for all of 2002.  Nextel also said it would achieve its goal of signing up 2 million new subscribers domestically this year. When we looked at the wireless sector in our April 22nd Edition we said that:   People may love their cell phones but there is no reason to love these stocks.  The risk and reward is just not worth it for potential investors.  The decline of the wireless carriers is inevitable and when it happens you don't want to be left holding the bag.  The only worthwhile wireless companies to invest in are those that leverage the existing infrastructure to make money.  The old ways of spending billions to ultimately lose money is no longer acceptable.  Companies must cut costs and improve the bottom line to survive in this market environment. We introduced our May profile eMobile Data (EMOKF) about a month ago.  This is a company that fits the bill of a successful wireless company on its way up.  Since then eMobile has received a letter of intent from Itron to acquire the company.  This past Tuesday eMobile issued a press release stating that negotiations are still on going. The SmallCap Digest recommends that shareholders in the stock not purchase or sell until there is more information.   eMobile Data is no longer halted in Canada but there is no volume as everyone waits for more information.  When we find out more information our subscribers will be the first to know.   Here is the Press Release In Full:     Tuesday June 11, 11:07 am Eastern Time Press Release SOURCE: eMobile Data Corporation Negotiations Continue Respecting Letter Of Intent With Itron RICHMOND, BRITISH COLUMBIA--eMobile Data Corporation ("eMobile Data") is reporting in furtherance of its most recent news release of May 14, 2002 wherein it was disclosed that eMobile Data and Itron, Inc. ("Itron") had entered into a letter of intent ("LOI"), subject to approval of Itron's Board of Directors, whereby it was anticipated that Itron would purchase all of the issued and outstanding shares of capital stock of eMobile Data in accordance with and subject to the terms and conditions indicated therein. The management and Board of Directors of eMobile Data are very pleased that Itron has expressed interest in acquiring eMobile Data.  In this regard, the management and Board of Directors of eMobile Data have been informed that the Board of Directors of Itron has approved the LOI and that Itron would like to proceed with the negotiation of definitive agreements. Consequently, eMobile Data and Itron have commenced due diligence and the drafting and negotiation of definitive agreements. The sale of eMobile Data stock to Itron as will be described in the definitive agreements will be subject to a vote of the shareholders of eMobile Data.  On Behalf of the Board of Directors of eMobile Data Corporation, Marc C.G. Jones, CEO and President  This press release has been prepared by management of eMobile Data, who take full responsibility for its contents. The TSX Venture Exchange has neither approved nor disapproved of the contents of this press release. This press release may include forward-looking statements within the meaning of section 27a of the United States Securities Act of 1933, as amended, and section 21e of the United States Securities and Exchange Act of 1934, as amended, with respect to achieving corporate objectives, developing additional project interests, the companies' analysis of opportunities in the acquisition and development of various project interests and certain other matters. These statements are made under the "Safe Harbor" provisions of the United States Private Securities Litigation Reform Act of 1955 and involve risks and uncertainties which could cause actual results to differ materially from those in the forward-looking statements contained herein.  eMobile Data Corporation: Suite 220, 10711 Cambie Road, Richmond, British Columbia, V6X 3G5. Telephone: (604) 279-9956 and Facsimile: (604) 279-9957. Ticker symbol: "EMO". Contact: eMobile Data Corporation Editorial Contact: Kelly A. Boatright Phone: (866)238-1185 D I S C L A I M E R : The SmallCap Digest is an independent electronic publication committed to providing our readers with factual information on selected  publicly traded companies. SmallCap Digest is not a registered investment advisor or broker-dealer. All companies are chosen on the basis of certain financial analysis and other pertinent criteria with a view toward  maximizing the upside potential for investors while minimizing the downside risk, whenever possible.  Moreover, as detailed below, this publication accepts compensation from third party consultants and/or companies which it features for the publication and circulation of the SmallCap Digest or representation on SmallCapNetwork.net.  Likewise, this newsletter is owned by TGR, LLC.  To the degrees enumerated herein,  this newsletter should not be regarded as an independent publication.  Disclaimer:$subst('Recip.userid')   Click Here to view our compensation on every company we have ever covered, or visit the following web address:  http://access.smallcapnetwork.com/compensation_disclosure.html for our full compensation disclosure and http://access.smallcapnetwork.com/short_term_alerts.html for Trading Alerts compensation and disclosure.  TGR Group LLC has been paid a fee of $50,000 in cash, 250,000 free trading shares, and 250,000 options with an exercise price of $.25 by Largo Flight LTD for publishing on eMobile Data for a period of one year. Please review our policy on selling shares found on the Compensation Disclosure page of our web site.  All statements and expressions are the sole  opinions of the editors and are subject to change without notice. A profile, description, or other mention of a company in the newsletter is neither an offer nor solicitation to buy or sell any securities  mentioned. While we believe all sources of information to be factual and reliable, in no way do we represent or guarantee the accuracy thereof, nor the statements made herein. The editor, members of the editor's family, and/or entities with  which the editor is affiliated, are forbidden by company policy to own, buy, sell or otherwise trade stock for their own benefit in the companies who appear in the publication. The profiles, critiques, and other editorial content of the SmallCap Digest and SmallCapNetwork.net may contain forward-looking statements relating to the expected capabilities of the companies mentioned herein. THE READER SHOULD VERIFY ALL CLAIMS AND DO THEIR OWN DUE DILIGENCE BEFORE INVESTING IN ANY SECURITIES MENTIONED. INVESTING IN  SECURITIES IS SPECULATIVE AND CARRIES A HIGH DEGREE OF RISK. THE INFORMATION FOUND IN THIS PROFILE IS PROTECTED BY THE COPYRIGHT LAWS OF THE UNITED STATES AND MAY NOT BE COPIED, OR REPRODUCED IN ANY WAY WITHOUT THE EXPRESSED, WRITTEN  CONSENT OF THE EDITORS OF SMALLCAPNETWORK.NET. We encourage our readers to invest carefully and read the investor information available at the web sites of  the Securities and Exchange Commission ("SEC") at http://www.sec.gov and/or the National Association of Securities Dealers ("NASD") at http://www.nasd.com . We also strongly recommend that you read the SEC advisory to investors concerning Internet Stock Fraud, which can be found at  http://www.sec.gov/consumer/cyberfr.htm . Readers can review all public filings by companies at the SEC's EDGAR page. The NASD has published information on how to invest carefully at its web site.