It was definitely a dark day on Wall Street as the Dow Jones dropped 387 points, marking the second-worst loss of the year. In response to the continued credit market rut, a French bank announced it would freeze three funds invested in U.S. subprime mortgages, citing the inability to properly value the assets, and spurring the Dow decline.
Regardless, there’s still positive news in the market, and the following small-cap companies released news that nudged their shares up the charts today.
Viewpoint Corp. (Nasdaq: VWPT) shares rose 9 cents, or 11 percent this afternoon, settling at 99 cents by the market’s close. Today the Internet marketing technology company announced its second-quarter revenue, posting a 16 percent increase from the first quarter of 2007 to $3.8 million, but down 33 percent from $5.7 million the same quarter last year. Despite the news, shares of the company remained positive.
After previously climbing to 12 percent to 29 cents in early morning trading, shares of Biophan Technologies (OTCBB: BIPH) fell slightly down at 24 cents at the end of the day. Today the company announce that Medtronic Inc. (NYSE: MDT) will acquire Biophan’s MRI safety patents for an $11 million cash deal, expected to be finalize in the next 60 days.
Shares of Caliper Life Science (Nasdaq: CALP) were up 56 cents, nearly 11 percent, to $5.67 at the market’s close, reflecting the company’s announcement of its second-quarter results for 2007. The company reported its revenues were up 45 percent to $35.3 million, up from $24.3 million the year before. Net loss for the quarter rose to $6.3 million, up from $2.1 million the same quarter last year.
Shares of Wilsons Leather (Nasdaq: WLSN) increased 20 cents, or 12 percent, to $1.85. Today the company announced it will expand its accessories business, the appointment of a new chairman for its board of directors, and a decrease in same-store sales for the month of July 2007.
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