13F-HR 1 q20813f.txt 2Q0813F UNITED STATES SECURITIES AND EXCHANGE COMMISSION "Washington, D.C. 20549" Form 13F Form 13F COVER PAGE Report for the Calendar Year or Quarter Ended: 30-Jun-08 Check here if Amendment [ ] ; Amendment Number: ________ This Amendment (Check only one.): [ ] is a restatement. [ ] adds new holdings entries. Institutional Investment Manger Filing this Report: Name: "Perkins Capital Management, Inc. " Address: "730 East Lake Street, Wayzata, Minnesota 55391" SEC File Number: 801-22888 The institutional investment manager filing this report and the person by whom it is signed hereby represent that the person signing the report is authorized to submit it, that all information contained herein is true, correct and complete, and that is understood that all required items, statements, schedules, lists and tables are considered integral parts of this form. Person signing on this Report on Behalf of Reporting Manager: Name: Richard C. Perkins Title: Executive Vice President/Portfolio Manager Phone: (952) 473-8367 Signature: Place and Date of Signing: "Wayzata, MN" 28-Jul-08 Report Type (Check only one.): [ X ] 13F HOLDINGS REPORT. (Check here if all holdings of this reporting manager are reported in this report.) [ ] 13F NOTICE. (Check here if no holdings reported are in this report, and all holdings are reported by other reporting manager(s).) [ ] 13F COMBINATION REPORT. (Check here if a portion of the holdings for this reporting manager are reported in this report and a portion are reported by other reporting manager(s).) NAME TITLE VALUE SHRS/ SH/ PUT/ INVSTMT OTR VOTING AUTHORITY OF ISSUER OF CLASS CUSIP (x$1000) PRN MAT PRN CALL DSCRTN MGRS SOLE SHRD NONE ADDVANTAGE TECHNOLOGIES GP I COM NEW 006743306 305 100000 SH Sole 100000 AERO GROW INTL INC COM 00768M103 139 63150 SH Sole 31250 31900 ALLSCRIPTS HEALTHCARE SOLUTI COM 01988P108 289 23250 SH Sole 11000 12250 ALNYLAM PHARMACEUTICALS INC COM 02043Q107 827 30950 SH Sole 15700 15250 AMER BIO MEDICA CORP COM 024600108 226 419000 SH Sole 345000 74000 AMTECH SYS INC COM PAR .01N 032332504 765 71250 SH Sole 12300 58950 AMYLIN PHARMACEUTICALS INC COM 032346108 531 20900 SH Sole 12450 8450 APPLIANCE RECYCLING CTRS AME COM 03814F205 5219 720775 SH Sole 469300 251475 ASPENBIO PHARMA INC COM 045346103 1436 225000 SH Sole 103200 121800 ATS MED INC COM 002083103 1532 719036 SH Sole 288036 431000 BLUEPHOENIX SOLUTIONS LTD SHS M20157109 218 47225 SH Sole 13925 33300 BOSTON SCIENTIFIC CORP COM 101137107 903 73500 SH Sole 30250 43250 BROOKE CORP COM 112502109 26 37500 SH Sole 37500 BRUSH ENGINEERED MATLS INC COM 117421107 460 18850 SH Sole 11000 7850 CARDICA INC COM 14141R101 1802 212925 SH Sole 62350 150575 CASH SYSTEMS INC COM 14756B102 37 77000 SH Sole 22500 54500 CBL & ASSOC PPTYS INC COM 124830100 305 13350 SH Sole 7250 6100 CHESAPEAKE ENERGY CORP COM 165167107 462 7000 SH Sole 5200 1800 CIPRICO INC COM 172529109 606 404124 SH Sole 152850 251274 CLARIENT INC COM 180489106 517 258300 SH Sole 31600 226700 COMPELLENT TECHNOLOGIES INC COM 20452A108 3617 314550 SH Sole 154600 159950 COMPUTER TASK GROUP INC COM 205477102 512 100000 SH Sole 100000 CONCEPTUS INC COM 206016107 1587 85850 SH Sole 46300 39550 CONOCOPHILLIPS COM 20825C104 524 5550 SH Sole 2500 3050 CONSOL ENERGY INC COM 20854P109 966 8600 SH Sole 5300 3300 CORVEL CORP COM 221006109 1807 53350 SH Sole 29950 23400 CYTORI THERAPEUTICS INC COM 23283K105 3762 580495 SH Sole 265007 315488 DAKTRONICS INC COM 234264109 484 24000 SH Sole 8900 15100 DATALINK CORP COM 237934104 1108 239750 SH Sole 82750 157000 DELUXE CORP COM 248019101 274 15400 SH Sole 5475 9925 DEXCOM INC COM 252131107 2396 396750 SH Sole 216900 179850 DIAMOND FOODS INC COM 252603105 1001 43425 SH Sole 28025 15400 DONALDSON INC COM 257651109 1223 27400 SH Sole 9600 17800 DOT HILL SYS CORP COM 25848T109 1143 451895 SH Sole 142920 308975 EBIX INC COM NEW 278715206 1632 21000 SH Sole 15000 6000 EDAP TMS S A SPON ADR 268311107 182 60000 SH Sole 60000 EL PASO CORP COM 28336L109 644 29600 SH Sole 14500 15100 E M C CORP MASS COM 268648102 241 16400 SH Sole 2250 14150 ENDOLOGIX INC COM 29266S106 1555 673092 SH Sole 272000 401092 ENTRUST INC COM 293848107 1522 517700 SH Sole 278900 238800 EV3 INC COM 26928A200 601 63350 SH Sole 38300 25050 FALCONSTOR SOFTWARE INC COM 306137100 340 48050 SH Sole 6500 41550 FULLER H B CO COM 359694106 910 40550 SH Sole 17500 23050 GLOBAL TRAFFIC NETWORK INC COM 37947B103 2004 224175 SH Sole 54725 169450 GLOBECOMM SYSTEMS INC COM 37956X103 3884 470165 SH Sole 172725 297440 GRAINGER W W INC COM 384802104 274 3350 SH Sole 1750 1600 GRANITE CITY FOOD & BREWERY COM 38724Q107 1371 695997 SH Sole 144717 551280 GULFMARK OFFSHORE INC COM 402629109 605 10400 SH Sole 4900 5500 HEALTH CARE REIT INC COM 42217K106 811 18225 SH Sole 9100 9125 HESKA CORP COM 42805E108 240 200000 SH Sole 200000 ILLUMINA INC COM 452327109 4904 56300 SH Sole 31625 24675 IMAGE SENSING SYS INC COM 45244C104 837 65000 SH Sole 33900 31100 I-MANY INC COM 44973Q103 239 238500 SH Sole 237500 1000 INNOVEX INC COM 457647105 2818 4695900 SH Sole 2754400 1941500 INSIGNIA SYS INC COM 45765Y105 2186 1317017 SH Sole 939500 377517 INTEGRAMED AMER INC COM NEW 45810N302 465 65000 SH Sole 65000 INTERNATIONAL BUSINESS MACHS COM 459200101 359 3025 SH Sole 1600 1425 ISIS PHARMACEUTICALS INC COM 464330109 4092 300250 SH Sole 162700 137550 ITERIS INC COM 46564T107 506 200000 SH Sole 200000 JOHNSON & JOHNSON COM 478160104 891 13850 SH Sole 8300 5550 LAKES ENTMNT INC COM 51206P109 614 93300 SH Sole 64000 29300 LANDEC CORP COM 514766104 162 25000 SH Sole 25000 LUMINEX CORP DEL COM 55027E102 534 26000 SH Sole 14050 11950 MANPOWER INC COM 56418H100 862 14800 SH Sole 5450 9350 MARATHON OIL CORP COM 565849106 446 8600 SH Sole 4200 4400 MATHSTAR INC COM NEW 576801302 242 172752 SH Sole 53367 119385 MATRIXX INITATIVES INC COM 57685L105 417 25000 SH Sole 25000 MEDTOX SCIENTIFIC INC COM NEW 584977201 804 58082 SH Sole 58082 MEDTRONIC INC COM 585055106 815 15750 SH Sole 2800 12950 MIDWAY GOLD CORP COM 598153104 153 75000 SH Sole 75000 MONOGRAM BIOSCIENCES INC COM 60975U108 1155 1049550 SH Sole 293550 756000 MULTIBAND CORP COM NEW 62544X209 56 44000 SH Sole 4000 40000 NATURAL HEALTH TRENDS CORP COM PAR .001 63888P406 101 100000 SH Sole 100000 NATURE VISION INC COM 63902E106 166 116590 SH Sole 53500 63090 NAVARRE CORP COM 639208107 33 20000 SH Sole 20000 NORTECH SYS INC COM 656553104 244 26000 SH Sole 25000 1000 OCULUS INNOVATIVE SCIENCES I COM 67575P108 1145 474914 SH Sole 183892 291022 ON2 TECHNOLOGIES INC COM 68338A107 1044 1711850 SH Sole 516875 1194975 ONCOTHYREON INC COM 682324108 1309 538604 SH Sole 293402 245202 OPEN TEXT CORP COM 683715106 201 6250 SH Sole 5500 750 OPENTV CORP CL A G67543101 88 67550 SH Sole 13550 54000 ORTHOVITA INC COM 68750U102 2349 1145650 SH Sole 508150 637500 OSHKOSH CORP COM 688239201 201 9700 SH Sole 5450 4250 OSTEOTECH INC COM 688582105 97 17000 SH Sole 9000 8000 PATTERSON COMPANIES INC COM 703395103 458 15600 SH Sole 5000 10600 PENTAIR INC COM 709631105 597 17050 SH Sole 10000 7050 PFIZER INC COM 717081103 1295 74140 SH Sole 16650 57490 PIONEER NAT RES CO COM 723787107 959 12250 SH Sole 5100 7150 POKERTEK INC COM 730864105 67 18150 SH Sole 18150 POLYMET MINING CORP COM 731916102 254 65250 SH Sole 65250 PRIDE INTL INC DEL COM 74153Q102 1282 27100 SH Sole 11300 15800 RAINMAKER SYSTEM COM NEW 750875304 514 176000 SH Sole 63000 113000 RCM TECHNOLOGIES INC COM NEW 749360400 745 174837 SH Sole 104500 70337 REAL GOODS SOLAR INC CL A 75601N104 431 70000 SH Sole 12500 57500 RIMAGE CORP COM 766721104 874 70515 SH Sole 15750 54765 ROCKWELL MEDICAL TECH COM 774374102 3108 443200 SH Sole 50000 393200 ROSETTA GENOMICS LTD SHS M82183100 660 139000 SH Sole 29500 109500 SEATTLE GENETICS INC COM 812578102 1360 160800 SH Sole 81750 79050 SEQUENOM INC COM NEW 817337405 2066 129450 SH Sole 39100 90350 SIMTEK CORP COM NEW 829204304 23 12250 SH Sole 6000 6250 SOFTBRANDS INC COM 83402A107 1539 1509061 SH Sole 648650 860411 SPAN AMER MED SYS INC COM 846396109 312 27750 SH Sole 21000 6750 SPARTAN MTRS INC COM 846819100 349 46775 SH Sole 40250 6525 SPECTRUM BRANDS INC COM 84762L105 170 66500 SH Sole 63500 3000 ST JUDE MED INC COM 790849103 3362 82248 SH Sole 15500 66748 STAAR SURGICAL CO COM PAR .01 852312305 1386 447000 SH Sole 228600 218400 STAR BULK CARRIERS CORP COM Y8162K105 324 27500 SH Sole 27500 STEN CORP COM 85857T101 151 100000 SH Sole 100000 SUMTOTAL SYS INC COM 866615107 1294 277036 SH Sole 90680 186356 SUPERVALU INC COM 868536103 429 13900 SH Sole 3200 10700 SURMODICS INC COM 868873100 593 13225 SH Sole 8125 5100 SWIFT ENERGY CO COM 870738101 565 8550 SH Sole 5200 3350 SYNOVIS LIFE TECHNOLOGIES IN COM 87162G105 6401 339950 SH Sole 190600 149350 SYNTA PHARMACEUTICALS CORP COM 87162T206 128 21000 SH Sole 17000 4000 TARGET CORP COM 87612E106 223 4800 SH Sole 4800 TCF FINL CORP COM 872275102 865 71900 SH Sole 33600 38300 TECUMSEH PRODS CO CL A 878895200 662 20200 SH Sole 6000 14200 TENNANT CO COM 880345103 1080 35920 SH Sole 13000 22920 TEXAS INSTRS INC COM 882508104 290 10300 SH Sole 650 9650 TITAN MACHY INC COM 88830R101 940 30000 SH Sole 30000 TITAN PHARMACEUTICALS INC DE COM 888314101 35 25000 SH Sole 12500 12500 TRINITY BIOTECH PLC SPN ADR N 896438306 1299 336400 SH Sole 106400 230000 UFP TECHNOLOGIES INC COM 902673102 751 75000 SH Sole 75000 UROLOGIX INC COM 917273104 2268 1281250 SH Sole 667550 613700 UROPLASTY INC COM NEW 917277204 2724 878500 SH Sole 449500 429000 US BANCORP DEL COM NEW 902973304 803 28784 SH Sole 13834 14950 U S PHYSICAL THERAPY INC COM 90337L108 1338 81550 SH Sole 46500 35050 VITAL IMAGES INC COM 92846N104 6717 539984 SH Sole 169170 370814 WAL MART STORES INC COM 931142103 483 8600 SH Sole 4000 4600 WESTMORELAND COAL CO COM 960878106 291 13800 SH Sole 5500 8300 WIRELESS RONIN TECHNOLOGIES COM 97652A203 5955 1212833 SH Sole 402834 809999 WYETH COM 983024100 678 14144 SH Sole 6250 7894 XOMA LTD ORD G9825R107 372 220000 SH Sole 151500 68500 ZIX CORP COM 98974P100 7232 2601401 SH Sole 874850 1726551 ZOLTEK COS INC COM 98975W104 250 10300 SH Sole 5800 4500 TOTAL VALUE 151312 DATA RECORDS 135 OTHER MANAGERS ON WHOSE BEHALF REPORT IS FILED 0