Every public company loves to put out good news and see the reflection in its stock price. The following three companies released positive news of some kind today or late yesterday and then watched as their stock prices closed very strong.Applied Micro-Circuits (NASDAQ: AMCC) cut its first-quarter guidance of $59.6 million to $50 million, predicting that second quarter sales will increase to $55 to $60 million. Applied Micro blames a weak telecommunications market for the cut in its first quarter guidance. Although they had to revise the figure downward AMCC was able to pick up its share price. Shares rose 36 cents to $2.80 on volume of 15.45 million which reflected a change of 15 percent.
Cardio Vascular BioTherapeutics Inc. (OTCBB: CVBT) stock rose today 15 cents to $1.07, a change of 16 percent, on volume of 350 thousand. Cardio was featured in an online article in Business Week that highlights the race within the biotech industry to develop an angiogenesis treatment for patients with heart disease. Angiogenesis refers to the ability of the human body to grow new blood vessels.
Female Health Company (OTCBB: FHCO) shares rose to $2.55, which is a gain of 12 cents on volume of about 50 thousand. The 5 percent increase came after Female Health was approved for listing on the AMEX under the ticker FHC. Trading begins for FHC on Monday. Female Health manufactures female condoms that provide wider protection and is the only duel protection condom against STDs.
