Wednesday, November 11, 2009

AFTER THE BELL-3Com shares jump after HP deal announced - Forbes


Straits Times

AFTER THE BELL-3Com shares jump after HP deal announced
Forbes
NEW YORK, Nov 11 (Reuters) - Shares of 3Com Corp shot up more than 35 percent in extended trading on Wednesday after Hewlett-Packard Co said it agreed to ...
After The Bell Big Announcement: HP To Acquire 3ComCNBC

all 681 news articles »

HP has $2.7 billion to buy 3COM - TG Daily


HP has $2.7 billion to buy 3COM
TG Daily
The stock was up 35% in after-hours trading to $7.65, meaning that someone who exercised the option could have realized a 35% paper gain in a matter of ...

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Paul Kangas' Stocks in the News - Nightly Business Report


Paul Kangas' Stocks in the News
Nightly Business Report
3Com jumped over $2 to about $7.70 in after hours trading. Also today after the close, Hewlett-Packard reported preliminary fourth quarter earnings of $1.14 ...

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AFTER THE BELL-3Com shares jump after HP deal announced - Forbes


Boston Globe

AFTER THE BELL-3Com shares jump after HP deal announced
Forbes
NEW YORK, Nov 11 (Reuters) - Shares of 3Com Corp shot up more than 35 percent in extended trading on Wednesday after Hewlett-Packard Co said it agreed to ...
After The Bell Big Announcement: HP To Acquire 3ComCNBC

all 642 news articles »

Churchill Downs to Buy Youbet - Wall Street Journal


Churchill Downs to Buy Youbet
Wall Street Journal
Youbet's stock price increased 7.9% to $2.60 in after-hours trading Wednesday. Churchill Downs was flat at $31.57 in after-hours trading. ...

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'Fast Money' Recap: Behind hp's Big Deal - TheStreet.com


'Fast Money' Recap: Behind hp's Big Deal
TheStreet.com
NEW YORK (thestreet) -- Hewlett-Packard's(HPQ Quote) lit up after-hours trading with its surprising move to acquire ...

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CORRECT:US HOT STOCKS:3Com,Green Mountain Active In Late Trade - Wall Street Journal


CORRECT:US HOT STOCKS:3Com,Green Mountain Active In Late Trade
Wall Street Journal
Shares rose 1.5% to $13.44 in after-hours trading as the results far exceeded Wall Street's expectations. Advance Auto Parts Inc.'s (AAP) fiscal ...


Churchill Downs To Buy Youbet.com In Deal Valued At $126.8M - Wall Street Journal


Churchill Downs To Buy Youbet.com In Deal Valued At $126.8M
Wall Street Journal
Youbet shares remained below that price, up 7.9% to $2.60 in after-hours trading after an 8.6% increase during the regular session. Churchill Downs was flat ...


AFTER THE BELL-3Com shares jump after HP deal announced - Forbes


BBC News

AFTER THE BELL-3Com shares jump after HP deal announced
Forbes
NEW YORK, Nov 11 (Reuters) - Shares of 3Com Corp shot up more than 35 percent in extended trading on Wednesday after Hewlett-Packard Co said it agreed to ...
After The Bell Big Announcement: HP To Acquire 3ComCNBC

all 350 news articles »

Blue Horseshoe (hates) Brocade?

Brocade Communications Systems, Inc. (NASDAQ: BRCD) is getting its feelings hurt in after-hours trading after H-P (NYSE: HPQ) decided to spend $2.7 billion to buy 3Com (NASDAQ: COMS).  Many have been under the assumption that Brocade Communications would be bought by H-P.  The good news is that someone else may now need to look at Brocade.  But the bad news is that Brocade is being slapped around.  The stock is down 7% at $8.60 in after-hours trading.  As of 5:02 BRCD has also traded 2.8 million shares in the after-hours session alone.

JON OGG


Stock/Option Volume Alert in Toll Brothers (TOL)

Who said home builders won’t do well as an investment?  Toll Brothers Inc. (NYSE: TOL) is soaring on exponential trading volume today.  We have seen almost 5X volume in the stock as at 2:10 PM EST there have been 17.2 million shares versus less than 4 million on average.  The gain is to $21.10 and teh 52-week range is $13.55 to $24.30.  But here is the call options and put options trading for the NOV-2009 expiration:

CALL$    Volume    OpInt
$18.00    1,421    6,094
$19.00    2,849    7,896
$20.00    1,387    10,712
$21.00    3,210    12,640
$22.00    2,541    1,127
PUT$    Volume    OpInt
$20.00    3,781    5,840
$21.00    1,329    397

This is on heels of a Wells Fargo upgrade AND on its guidance that new contracts are up 42% and fourth quarter revenue will beat analyst estimates at $486.6 million.  To put this in perspective from a 2008, this is way above the $386+ million estimate from Thomson Reuters.  But it is also far south of a year ago’s $691 million in revenues for the same quarter.

JON OGG


EURO GOVT-Bunds trim losses, track rally in UK gilts - Reuters


EURO GOVT-Bunds trim losses, track rally in UK gilts
Reuters
... FGBLc1 hit a session high of 121.71 and were last at 121.67, down 5 ticks from Tuesday's settlement close but above levels seen in after-hours trading. ...

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Logitech Obtains Video Communication Contributor lifesize for $405M - TopNews Singapore


Logitech Obtains Video Communication Contributor lifesize for $405M
TopNews Singapore
At the same time, the shares of Logitech fall 3% to cents to $18.04 in after-hours trading following the acquisition announcement. ...

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MetroPCS Options Alert (PCS)

MetroPCS (NYSE: PCS)  traders continue to gamble on the potential of a takeover as implied volatility sits at 77%.  Today, 15,000 November $7.50 puts were closed and rolled into a bullish position with shares at $5.90.  The trader sold 15,000 February $5 puts and bought 15,000 February $7.50 calls for a 5 cent debit.

-Joe Kunkle, OptionsHawk.com


Activision posts 3Q profit, backs 2009 outlook (AP) - Ethio Planet News


Activision posts 3Q profit, backs 2009 outlook (AP)
Ethio Planet News
Its shares climbed 23 cents, or 2.1 percent, to $11 in after-hours trading. The company said Thursday its net income grew to $15 million, or a penny per ...

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Cold cash for Clearwire - istockAnalyst.com (press release)


Cold cash for Clearwire
istockAnalyst.com (press release)
... before the financial results were released. In after-hours trading, the stock slipped 9 cents to $7.16. The shares have risen 47 percent this year.

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A123 Revenues Ahead, Not Enough? (AONE)

A123 Systems, Inc. (NASDAQ: AONE) is trading down after it managed to beat revenue expectations last night at $23.6 million vs. $19.2 million estimates.  The recent electric car battery IPO has really cpome off of highs since the IPO hype was there.  The company tried to ease concerns about its relationship with Chrysler a week after the carmaker said it would dismantle its team working on electric vehicles and basically send those plans into Fiat. It also said it was in talks with 7 different auto makers.  Shares closed at $17.98 yesterday and are down over 3% at $17.36 on about 20,000 shares at 8:56 AM EST.


BEFORE THE BELL: US Stk Futures Higher After Fed Talk - Wall Street Journal


BEFORE THE BELL: US Stk Futures Higher After Fed Talk
Wall Street Journal
Shares rose 1.6% to $4.53 in after-hours trading. Luxury home-building company Toll Brothers reported sharply improved results for its fiscal fourth quarter ...

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Clearwire secures yet more funding - HEXUS


Clearwire secures yet more funding
HEXUS
... per cent since Intel and co made their initial investments, fell a further 3.5% to $7 in after-hours trading after rising 6.6% in the regular session. ...

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Nofs takes Senate seat - Battle Creek Enquirer


Nofs takes Senate seat
Battle Creek Enquirer
Ralcorp shares were down $1.37, or about 2.5 percent, in after-hours trading an hour after the report was announced. Medical Weight Loss Clinic, ...

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Cotton Sales by India to Double on Demand From China, Pakistan - Bloomberg


Cotton Sales by India to Double on Demand From China, Pakistan
Bloomberg
Futures for December delivery gained 0.2 percent to 69.20 cents a pound at 9:17 am in after-hours trading in New York. Futures rose 2.1 percent yesterday, ...

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Asian Stocks, Currencies Rise on Japan, China Data; Gold Gains - Bloomberg


Asian Stocks, Currencies Rise on Japan, China Data; Gold Gains
Bloomberg
Gold futures in New York increased for an eighth-straight session today in after-hours trading, rising 0.5 percent to $1107.60 an ounce. ...

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