DIGA

[rocket88]

Any thoughts on this electronic id company

[rocket88]

in the news again...


Test in 2004 pointed to U.S. mad cow case
By Donald G. McNeil Jr. and Alexei Barrionuevo The New York Times

MONDAY, JUNE 27, 2005


Although the U.S. Agriculture Department confirmed last week that a cow that died last year was infected with mad cow disease, a test the agency conducted seven months ago indicated that the animal had the disease. The result was never publicly disclosed.

The delay in confirming the second case of the disease in the United States seems to underscore what critics of the agency have said for a long time: that there are serious and systemic problems in the way the Agriculture Department tests animals for mad cow.

The lengthy delay occurred despite the intense national interest in the disease and the fact that many countries had banned shipments of beef from the United States because of what they considered to be lax testing policies.

Until Friday, it was not public knowledge that an "experimental" test had been performed last November by a Department of Agriculture laboratory on the brain of a cow suspected of having the disease, and that the test had come up positive. For seven months, all that was known was that a test on the same cow done at the same laboratory around the same time had come up negative. The negative result was obtained using a test that the Department of Agriculture refers to as its "gold standard."

The explanation that the department late Friday, when the positive test result came to light, was that there was no bad intention or cover-up, and that the test in question was only experimental.

"The laboratory folks just never mentioned it to anyone higher up," said Ed Loyd, an Agriculture Department spokesman. "They didn't know if it was valid or not, so they didn't report it."

On hearing that Friday night, Michael Hansen, a senior research associate at Consumers Union and a frequent critic of the department, reacted skeptically.

"That seems hard to fathom," he said. "If it's true, we have a serious communication problem at the Department of Agriculture. How can we be confident of anything they're saying?"

Loyd, reacting to a reporter's question about the department's handling of the issue, said, "In hindsight, reporting it would have been the thing to do."

Mike Johanns, the U.S. agriculture secretary, briefly mentioned the positive test result at a news conference Friday, at which his primary focus was on announcing that British scientists, using more accurate versions of the same tests as American scientists, had confirmed the second U.S. case of the disease.

The sequence of events started in November, when an Agriculture Department laboratory in Ames, Iowa, performed two tests on the animal in question. After the "gold standard" test came up negative, the agency announced that the animal had not suffered from mad cow disease. But at the same time, the same lab had also conducted the experimental test, with different results.

Then two weeks ago, for reasons that are unclear, Phyllis Fong, the department's inspector general, arranged for further tests on specimens from the same cow. A test known as the "Western blot," which is widely used in England and Japan but not in the United States, came up positive.

Because this result conflicted with the "gold standard" result from November, a specimen from the same animal was sent to a laboratory in Weybridge, England, that is considered pre-eminent in its field. Several tests were conducted there, and all came up positive.

Thirty-six countries have shut their doors to American beef, virtually wiping out a $3 billion export market.

Taiwan on Saturday reimposed a ban on American beef that it had lifted just two months ago, Reuters reported. -http://www.iht.com/articles/2005/06/26/news/cow.php

[setravis]

UP IN THE PRE MARKET

[therman]

Bought ADSX.

Seems to breakout soon.

http://bigcharts.marketwatch.com/javachart/javachart.asp?symb=adsx&time=&freq=

http://finance.yahoo.com/q/pr?s=ADSX

Good luck to all.

[therman]

The reason for the spike!

Briefing.com is reporting chatter is that GD will make a buyout bid for ADSX. Nothing confirmed, but that's why.

Good luck to all.

[rocket88]

Now we have this over the week-end....

Applied Digital's Chief Executive Officer and Former Secretary of Health & Human Services Tommy G. Thompson to Appear on Weekend Edition of DowJones/CBS MarketWatch Program
Friday July 15, 8:45 am ET

DELRAY BEACH, Fla.--(BUSINESS WIRE)--July 15, 2005--Applied Digital (NASDAQ: ADSX - News), a leading provider of security and identification technology, announced today that its Chairman and CEO Scott R. Silverman, along with Tommy G. Thompson, former Health & Human Services Secretary and former Governor of Wisconsin, are scheduled to appear this weekend on DowJones' and CBS's MarketWatch Weekend program, airing at various times on more than 120 CBS stations nationwide. The show will profile Applied Digital and VeriChip and discuss the benefits of radio frequency identification (RFID) technology in modernizing health care.
Station, airtime information and on-line video of the segment can be found at www.MarketWatch.com. Mr. Thompson was recently appointed to the Board of Directors of Applied Digital's subsidiary, VeriChip Corporation.

About VeriChip

VeriChip is a subsidiary of Applied Digital and the only company to provide both implanted and external RFID security solutions for people, their assets, and their environments. From the world's first and only FDA-cleared, human-implantable RFID microchip to the only patented active RFID tag with skin-sensing capabilities, VeriChip leads the way in next-generation RFID technologies. Today, over 3,000 installations worldwide in healthcare, security, industrial, and government markets benefit from both the protection and efficiencies provided by VeriChip systems. For more information on VeriChip, please visit www.verichipcorp.com.

Thompson mentions that verichip could be used to replace US military ID tags among the various uses of the chip.

[stocky]

I have traded this stock during its initial buzz and fire works. I am not positive about this now. If you intend to start a new position then you must have better reasons then the above news. Thats just my opinion and I had been wrong in the past many times though.

A stock that spikes up and sucks more bag holders during Mad Cow Scare is EMRG. I donot recommend it either.

[saffeysite1]

Chart is shaping up. a "W" formed.  Looking to break neckline - bullsih.

Keep on watch.

[metro]

The ADSX CEO was on CNBC this morning - noticed the chart and how the top trend line is also at the 200-day so a break out there would be bullish.

http://tinyurl.com/8889t


DOC of course moves with it but chart is different

http://tinyurl.com/abz4j

[TD]

I was burned on this one last year $3,000.00, before the 10/1 reverse split. If I remember right GE took .10 on the $ in stock in lieu of $80M in debt.
It would seem the tech has a lot to offer if ever full accepted and put to full use.

Good luck...just left very bad taste in my mouth for this one!

[sebfr]

ADSX,

Buy this stock at 3.070
stop loss at 2.300
target at 4.000

news :
SO. ST. PAUL, Minn., Nov 21, 2005 /PRNewswire-FirstCall via COMTEX/ -- Digital Angel Corporation (DOC), an advanced technology company in the field of rapid and accurate identification, location tracking, and condition monitoring of high-value assets, announced today that it had exceeded its 2005 South American sales guidance. To date, the Company has sold more than 1.1 million livestock tags in Argentina, exceeding the Company's guidance of 1 million livestock tags to be sold in all of South America announced earlier this year. Included in these sales figures are 402,000 tags sold into the large and competitive Argentine market in the last two weeks. ...

U.S. Senate Urges Department of Agriculture to Consider Digital Angel RFID Technology in National Animal Identification Program
Senate Version of 2006 Agriculture Appropriations Bill Makes Specific Reference to Digital Angel Technology and Allocates $33.3 Million for Projects Related to National Animal ID Program
11/30/2005 9:25:28 AM
SO. ST. PAUL, Minn., Nov 30, 2005 /PRNewswire-FirstCall via COMTEX/ -- Digital Angel Corporation (DOC), an advanced technology company in the field of rapid and accurate identification, location tracking and condition monitoring of high-value assets, announced today that the U.S. Congress has set aside $33.3 million for projects related to the national animal identification program. The Senate version of the Bill urges the U.S. Department of Agriculture (USDA) to consider Digital Angel's RFID technology in developing that program.
Language in the Senate version of the recently approved FY2006 Agriculture Appropriations Bill noted that Digital Angel RFID technology has already proven its value to the federal government during the Company's 15-year relationship with the U.S. Department of Energy and its work in the salmon fishing industry. Digital Angel provides the government with electronic tags and scanners to track salmon in fisheries throughout the Northwest.

Since the December 2003 incident of Mad Cow Disease (Bovine Spongiform Encephalopathy) in the state of Washington, the USDA has initiated the development of a national animal identification program for cattle, with a target completion date of 2008-2009.

"Digital Angel has a proud history of leadership in animal identification, specifically related to cattle, pigs and other livestock, as well as fish and poultry, and our inclusion in the senate version of this bill shows that the U.S. Senate has recognized that," said Digital Angel CEO Kevin McGrath. "Significant amounts of money have been spent for several years in pilot programs to understand what technologies will work in animal identification programs. We believe the information that has been gathered is now advanced enough that a significant portion of the money appropriated this year should be spent on the implementation of a national ID program and we hope the USDA, through its Animal and Plant Health Inspection Service (APHIS), agrees."

Digital Angel's proprietary and comprehensive RFID traceability system includes electronic tags and scanners as well as a database system that can provide for the registration, tracking and source verification for the animals tagged in the national identification program. The Company expects to sell more than 3 million electronic RFID tags in the U.S. this year.

About Digital Angel Corporation

Digital Angel Corporation develops and deploys sensor and communications technologies that enable rapid and accurate identification, location tracking, and condition monitoring of high-value assets. Applications for the Company's products include identification and monitoring of humans, pets, fish and livestock through its patented implantable microchips; location tracking and message monitoring of vehicles and aircraft in remote locations through systems that integrate GPS and geosynchronous satellite communications; and monitoring of asset conditions such as temperature and movement, through advanced miniature sensors.
Digital Angel Corporation is majority-owned by Applied Digital Inc. (ADSX). For more information about Digital Angel, please visit www.DigitalAngelCorp.com.

Technicals :
Strong volume gainer
Double bottom around 2.500
ADX < 20 and +di crosses over -di and roc > 0 and ChaikinOscillator > 0 and MACD > 0 and RSI > 50 -> new uptrend...
Candelstick : White marabozu

[setravis]

APPLIED DIGITAL SOL (NasdaqSC:ADSX) Delayed quote data 

Pre-Market (RT-ECN): 3.15  0.55 (21.15%) Volume @........480,482

[metro]

Move started yesterday when Briefing.com wrote:

Applied Digital: Verichip files IPO to sell up to $45.8 mln in common stock - DJ (ADSX) 2.55 +0.05: 

Then this morning they gave more details

Applied Digital confirms that VeriChip Corporation Files for Initial Public Offering (ADSX) 2.60 : VeriChip Corporation, a subsidiary of Applied Digital (ADSX), announced today that it has filed a registration statement for the initial public offering of shares of its common stock. VeriChip intends to reserve for sale a percentage of the shares to be offered in the initial public offering to Applied Digital's shareholders through a directed share program. The underwriters of the offering will be Merriman Curhan Ford & Co. and Kaufman Bros., L.P. The number of shares to be offered and the price range for the offering have not yet been determined. However, Applied Digital has stated that it plans to retain a majority interest in, and to consolidate the financial results of, VeriChip Corporation. (See yesterday's 15:50 comment related to this)

[setravis]

News Headlines Link.......http://finance.yahoo.com/q/h?s=ADSX

• Verichip Files $47.8 Million IPO
at TheStreet.com (Fri 8:40am)  

• Premarket Movers: Applied Digital Rises
Associated Press (Fri 8:38am)

• Applied Digital Closes Debt Financing
Associated Press (Fri 8:29am)

• VeriChip Corporation Files for Initial Public Offering
Business Wire (Fri 8:01am)

• Applied Digital Closes $12 Million Debt Financing
Business Wire (Fri 8:00am)  

[sebfr]

Great find setravis...

We probably have a possible double bottom