8-19-10 Daily Small Cap Market News and Stock Highlights from SmallCapVoice.com

Stephen Bernard, AP Business Writer

Stocks drop as jobless claims rise unexpectedly

Stocks fall after jobless claims rise, regional manufacturing report disappoints

NEW YORK (AP) — Stocks tumbled Thursday after two disappointing economic reports renewed investors’ concerns about the pace of a recovery.

The Dow Jones industrial average fell 127 points in morning trading. Broader indexes also fell more than 1 percent.

The Labor Department said claims for unemployment benefits rose unexpectedly last week and the Federal Reserve of Philadelphia said manufacturing activity in the mid-Atlantic region has dropped during August.

The disappointing reports followed news that Intel Corp. was acquiring McAfee Inc. The deal, valued at $7.68 billion, was not enough to offset the weaker economic readings.

Yesterday’s Top Performing Small Cap Stock:

Tootie Pie Company TOOT

Tootie Pie Company was a SmallCapVoice.com top performer closing up over 1% on trading volume of 8,340 shares.

Tootie Pie Company bakes and sells high-quality, handmade pies through three basic sales channels: retail, corporate and wholesale. The retail segment serves individual consumers through in-store sales, orders via telephone and internet on the Company’s website. The corporate segment serves businesses that purchase pies as a way to promote their company through client and employee appreciation programs. The wholesale segment is made up of national and regional broad line grocery and foodservice distributors who purchase pies and then resell them through their respective sales distribution channels.

Today’s SmallCapVoice.com Hot Stock to Watch:

Pro-Pointer, Inc. (Pink Sheets: PPII)

Pro Pointer, Inc., through its wholly owned subsidiary Coenzyme-A Technologies, Inc., is an innovative company that has applied new technology to the formulation and manufacture of a series of proprietary products which address nutritional deficiencies that result from the stress of modern day living, chemical imbalances within the body, and the deleterious effects of aging. Coenzyme-A is the first nutraceutical product to combine nutritional components that can be successfully used by the body to support its manufacture and utilization of cellular Coenzyme-A (The Master Coenzyme). Coenzyme-A contains a specific set of substrates that are designed to assist the body in converting fats, carbohydrates and proteins into energy at the cellular level.

Other Small Cap News

ImmunoGen, Inc. IMGN

ImmunoGen, Inc. Announces Orphan Drug Designation Granted to Lorvotuzumab Mertansine for Treatment of Small-Cell Lung Cancer

WALTHAM, Mass.–(BUSINESS WIRE)–ImmunoGen, Inc. IMGN, a biotechnology company that develops antibody-based targeted anticancer products, today announced that the US Food and Drug Administration (FDA) has granted orphan drug designation to its lorvotuzumab mertansine (formerly IMGN901) product candidate when used for the treatment of small-cell lung cancer (SCLC). Through a separate process, ImmunoGen has received a positive opinion for lorvotuzumab mertansine as an orphan medicinal product for the treatment of SCLC from the European Medicines Agency (EMA) Committee for Orphan Medicinal Products (COMP) and is awaiting final designation from the European Commission. The compound previously was granted orphan drug designation for the treatment of Merkel cell carcinoma in both the US and European Union (EU).

CDC Software Corporation CDCS

CDC Software Closes Two Seven Digit Deals in Third Quarter and Reports Increasing Sales Visibility

SHANGHAI, China & ATLANTA–(BUSINESS WIRE)–CDC Software Corporation CDCS, a global provider of hybrid enterprise software solutions and services, today announced it has closed two seven digit on-premise and software-as-a-service (SaaS) software deals so far this quarter and has seen Total Contract Backlog (TCB) increase approximately 40 percent as of July 31, 2010, compared to June 30, 2009.

Immunomedics, Inc. IMMU

Immunomedics and GE Healthcare in Research Collaboration

MORRIS PLAINS, N.J. and CHALFONT ST. GILES, UK, Aug. 18, 2010 (GLOBE NEWSWIRE) — Immunomedics, Inc. IMMU and GE Healthcare, a business unit of General Electric Company GE, announced today that they have entered into a license and collaboration agreement for the evaluation of labeling technologies based on Immunomedics’ patented F-18 peptide labeling method. Terms of the agreement were not disclosed, but GE Healthcare will fund all costs related to this collaboration.

Outdoor Channel Holdings, Inc. OUTD

Outdoor Channel Broadens Colorado Distribution Through Move to Comcast’s Digital Preferred Package

More Viewers in the Centennial State Now Have Access to America’s Leader in Outdoor TV

TEMECULA, Calif., Aug. 18 /PRNewswire-FirstCall/ — Outdoor Channel, America’s Leader in outdoor TV, today announced that the network has been moved from the Sports tier to the more broadly distributed Digital Preferred tier throughout Comcast’s cable systems in southern Colorado. Starting August 24th, more Comcast customers in Colorado Springs, Pueblo and Trinidad will have access to Outdoor Channel’s compelling line-up of hunting, fishing, shooting and adventure programming on channel 127. The transition from the Sports tier to the Digital Preferred tier allows additional subscribers in this region to catch the most thrilling outdoor line-up in the history of the network. Additionally, the network is also available to Comcast customers in southern Colorado on the HD tier.

Level 3 Communications, Inc. LVLT

Level 3 Wins Networx Contract for Social Security Administration

Social Security Administration to Use High-Speed Connectivity Solutions from Level 3 to Link Data Centers

BROOMFIELD, Colo.–(BUSINESS WIRE)–Level 3 Communications, Inc. LVLT today announced that it has signed an agreement with the Social Security Administration (SSA) to provide wavelength services under the Networx Enterprise contract program.

Under the terms of the agreement, Level 3 will provide the SSA with multiple 10 Gigabit per second (Gbps) wavelength solutions to connect several of the SSA’s data center locations with the potential to expand to additional sites in the future. Level 3’s solution is designed not only to be a cost-effective offering, but to also meet SSA’s stringent network performance, scale, capacity and usability requirements.

StemCells, Inc. STEM

StemCells, Inc. Reports Breakthrough Using Human Neural Stem Cells to Restore Motor Function in Chronic Spinal Cord Injury

Newly Published Study Shows Long-Term Reversal of Hind Limb Paralysis in Spinal Cord Injured Mice

PALO ALTO, Calif., Aug. 19, 2010 (GLOBE NEWSWIRE) — StemCells, Inc. STEM announced today the publication of new preclinical data demonstrating that the Company’s proprietary human neural stem cells restore lost motor function in mice with chronic spinal cord injury. This is the first published study to show that human neural stem cells can restore mobility even when administered at time points beyond the acute phase of trauma, suggesting the prospect of treating a much broader population of injured patients than previously demonstrated.

Digirad Corporation DRAD

Digirad Announces Medical Radiopharmaceutical Supplier Back in Service

Repair of Chalk River Reactor Should Alleviate Isotope Shortages

POWAY, CA–(Marketwire – 08/18/10) – Digirad Corporation DRAD, a diversified health care company specializing in the early detection of disease to enhance quality of life, today announced that the Canadian nuclear reactor that supplies approximately 50 percent of the medical radiopharmaceuticals to North America is back in service, thereby alleviating significant supply disruptions that negatively impacted Digirad’s DIS services business for the past 15 months with the most acute impact over the past four months.

Camtek Ltd CAMT

Camtek Receives Order for Multiple Wafer Inspection Systems

MIGDAL HAEMEK, Israel, August 19, 2010 /PRNewswire-FirstCall/ — Camtek Ltd. (NASDAQ and TASE: CAMT) (“Camtek”), announced today that it received follow-on order for multiple wafer inspection systems from a major Asian IDM (Integrated Device Maker). The systems will be installed during the third and fourth quarters of 2010.

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