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They fell another 2.7 per cent in after-hours trading. Total revenue -- which includes software sales as well as fees for maintenance of previously purchase ...
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Oracle Corp. (NASDAQ: ORCL) has already seen 150% of a full average daily trading volume ahead of today’s earnings and it is not even 1:00 PM EST. As of 12:35 AM EST we have seen almost 43 million shares trade hands and the average volume is about 29.7 million shares. Shares are also down 2.4% at $22.13. We are also seeing high put and call trading in options contracts…. Here are today’s CALL and PUT trading for SEPT-2009 options which expire in just over 48 hours from today’s close:
CALL$   Vol.  Op. Int.
21.00Â Â Â 4,023Â Â Â 14,365
22.00Â Â Â 6,842Â Â Â 39,815
23.00Â Â Â 7,080Â Â Â 25,522
PUT$$    Vol.   Op.Int.
20.00Â Â Â 1,146Â Â Â 17,162
21.00Â Â Â 1,904Â Â Â 20,924
22.00Â Â Â 3,751Â Â Â 12,500
23.00Â Â Â 9,120Â Â Â 29,918
A full earnings preview with chart and options trading expectations is available at 24/7 Wall Street.
Jon C. Ogg
September 16, 2009
Flextronics International Ltd. (NASDAQ: FLEX) is surging this morning after a Jim Cramer tout last night on CNBC’s MAD MONEY after he said that the EMS operation is trading at just 12 times 2011 earnings and said he’s a buyer of FLEX. At 9:02 AM EST we have shares trading up 9% at $7.54 on almost 300,000 shares. Average volume is close to 9 million shares and the 52-week high here is $8.23. While this is not a 52-week high it is a high that has not been seen since OCT-2008. If this one ramps too much, we’d look for gains elsewhere in EMS rivals like Celestica Inc. (NYSE: CLS), Sanmina-SCI Corp. (NASDAQ: SANM) and Jabil Circuit Inc. (NYSE: JBL). -JON OGG
Omniture, Inc. (NASDAQ: OMTR) is the pre-market leader after getting acquired by Adobe Systems, Inc. (NASDAQ: ADBE). This one closed at $17.33 yesterday and is up almost 25% at $21.60 on pre-market volume of over 4 million shares as of 8:56 AM EST. As this is a buyout, that is of little surprise. But acquirer Adobe also reported that its profit fell by 29% and revenue fell by about 21% last quarter based on weak demand for its traditional software. We have Adobe down almost 5% at $33.90 on almost 200,000 shares versus an average day’s trading volume of $6.7 million shares. The 52-week high for Adobe is $45.26. -JON OGG