Friday’s NASDAQ Winners: IPGP, AMCF, SREV, LCAV

IPG Photonics (NASDAQ:IPGP) Jumps 15.20% on Patent Suit Ruling  

POINT ROBERTS, October 10, 2011 - www.InvestorIdeas.com, a global investor research portal for independent investors, reports on top percentage gainers on the NASDAQ for Friday October 07th. Nasdaq closed lower by 27.47 (-1.10%) at 2,479.35. Three of the top gainers are continuing with upward momentum in Monday morning’s trading session.

IPG Photonics Corporation (NASDAQ:IPGP) was the top percentage gainer for the session closing higher by 7.26 (15.20%) to $55.02 after the company reported Thursday that a jury in the District Court for the Eastern District of Michigan had determined that the company does not infringe on IMRA America's patent number 5,818,630 in a suit originally brought by IMRA in 2006.
In its ruling, the jury found that the Company did not infringe on the claims asserted by IMRA. To reach this verdict, the jury heard testimony from two of the inventors of the ‘630 patent, experts in lasers, amplifiers and optics, and employees from both IPG and IMRA. The testimony and evidence put forth to the jury failed to prove that IPG in any way infringed.


Andatee China Marine Fuel Services (NASDAQ:AMCF) surged 0.30 (14.29%) to close at $2.40, extending its weekly rally to 31%. The stock has shown nice bounce back from its recent low on high volume.

Servicesource International (NASDAQ:SREV) closed with an impressive gain of 1.22 (9.14%) to end the day at $14.57, bouncing back from its recent low. The stock has been showing strong support around $12 level. More than 2.50 million shares exchanged hands, compare to its average volume of 736K shares.

LCA-Vision (NASDAQ:LCAV) continued to moved higher by 0.23 (9.13%) to $2.75. The stock has soared over 29% in the past one week, after hitting a new 52-week low of $1.86 earlier last week.


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