(EMAILWIRE.COM, November 18, 2009 ) Dallas, TX - deCODE genetics, Inc. (NASDAQ:DCGN) declined 83.49% to close at $0.0380 after the company said that it has filed a voluntary petition for relief under Chapter 11 of the United States Bankruptcy Code with the U. S. Bankruptcy Court to facilitate the sale of substantially all of its assets. The company also announced an asset purchase agreement with Saga Investments LLC. The company said the Chapter 11 filing is for deCODE genetics, Inc. only and does not include its Iceland-based subsidiary Islensk Erfdagreining, or IE, or deCODE's former U.S.-based subsidiaries deCODE Biostructures Inc. and Emerald BioSystems Inc., recently sold to an unrelated third party.


SunPower Corporation (NASDAQ:SPWRA) went down 18.51% to close at $22.19 after the company said Monday it found accounting problems at a factory in the Philippines. The San Jose business said costs of goods there may have been overstated by $1 million in the first quarter of this year and understated by about $14 million in the second quarter and $2 million in the third. These results might have to be changed if the findings of the investigation are confirmed. That should happen within 30 days, SunPower said.

Pacific Sunwear of California, Inc. (NASDAQ:PSUN) decreased 22.55% to end the day at $3.88 after the company yesterday announced that it expects same-store sales percentage decline in the low twenties for the fourth quarter of 2009, and to report a loss of approximately $(0.28) to $(0.35) per share. This earnings range includes estimated non-cash store asset impairment charges of approximately $5 million. According to Reuters Estimates, analysts on an average were expecting the Company to report loss per share of $0.12 for the same period.

ABOUT http://www.PennyStockPickalert.com

Penny Stock Pick Report is an independent electronic publication that provides information on selected publicly traded companies. Penny Stock Pick Report is not a registered investment advisor or broker-dealer. Penny Stock Pick Report affiliates, directors, officers, and employees may purchase and sell additional shares in any company which are mentioned above and may profit in the event those shares rise in value. Please do your research before you plan to invest in any of the stocks mentioned above.

Contact Information:
PennyStockPickAlert.com
Robert Wilson
Tel: 214 556 6798
Email us


This is a press release. Press release distribution and press release services by EmailWire.Com: http://www.emailwire.com/us-press-release-distribution.php.