Small Cap News Movers for 8/18/09

Huron Consulting Group Inc. (NASDAQ: HURN) yesterday after the closing bell announced its financial results for the second quarter ended June 30, 2009. Huron also announced that it has completed its restatement of financial statements for fiscal years 2006, 2007 and 2008 and Q1 2009. For the second quarter, the company reported revenues of $165.8 million, an increase of 15.6% from $143.4 million for the second quarter of 2008. GAAP net income was $9.6 million, or $0.47 per diluted share, compared to $1.1 million, or $0.06 per diluted share, for the same period last year. The stock closed at $18.84, up 37.62%, on 25,057,267 traded shares.

Jazz Semiconductor, Inc., a Tower Group Company (NASDAQ: TSEM), today announced it is targeted at replacing GaAs components in high growth markets such as millimeter wave and front-end components of cellular phones with its enhanced SiGe BiCMOS process, IP and design enablement offerings. SiGe provides significant integration and cost advantage over GaAs, enabling products in the emerging markets of automotive collision avoidance, phased-array radar, and HDTV wireless distribution. The stock closed at $1.33, up 22.02%, on 1,856,827 traded shares.

Strategic Diagnostics, Inc. (NASDAQ: SDIX) announced this morning that it has been awarded U.S. Patent No. 7,521,201 B2 for using bacteriophages in microbiological assay tests and processes. The invention is a rapid bacterial detection method that reduces or eliminates the growth of undesirable bacteria, resulting in improved test performance. The invention addresses the problem of how to detect a harmful pathogen among billions of other bacteria present in a test sample. The stock closed at $1.90, up 14.46%, on 177,729 traded shares.

About QualityStocks:

QualityStocks, based in Scottsdale, Arizona is a free service that collects data from hundreds Small-Cap and Micro-Cap online Investment Newsletters into one Free Daily Newsletter Report. Our name emphasizes the commitment we have to connect subscribers with companies that have huge potential to succeed in the short and long-term future.