Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Technology Stocks : LEGATO SYSTEMS LGTO -- Ignore unavailable to you. Want to Upgrade?

To: Chuzzlewit who wrote (892)	3/28/2000 5:31:00 PM
From: jhg_in_kc	Respond to of 1138

U.S. Options - Legato Systems vols and volume up CHICAGO, March 28 (Reuters) - Implied volatility and volume in options of Legato Systems Inc. (NasdaqNM:LGTO - news), a storage management software company, rose with active call activity as the stock firmed on Tuesday. Implied volatility for the active April 45 calls stood at around 125 percent, up from a 108 percent on Monday, a market maker at the Pacific Exchange said. ``They are buying calls,' a market maker said, citing recent upward movement in the stock Shares of the Palo Alto, California-based Legato Systems were up 3/16 to 45-7/8 on Nasdaq volume of about 8 million on Tuesday afternoon, significantly up from its March 24 close of 37-4/16. One of the active calls was the April 45s on the Chicago Board Options Exchange, which lost 1-1/8 to 5-3/4 on interexchange turnover of about 1,888 contracts and open interest of 3,682 at 1:35 p.m. CST (1935 GMT). Options volume has also increased, especially on the call side. About 8,435 calls and 1,150 puts changed hands across the CBOE and Pacific Exchange early Tuesday afternoon. On Monday, 13,250 contracts traded, out of which 11,235 were calls and 2,015 were puts, up from its recent average daily volume of 2,950 contracts.

To: Chuzzlewit who wrote (892)	3/29/2000 9:03:00 AM
From: MGV	Read Replies (1) \| Respond to of 1138

A credible analyst commented that an EMC deal is plausible but unlikely for now. He cited the size (cumbersomeness) of the deal and the likelihood the deal would not be accretive immediately to EMC as reasons. Other potential names include BMC, CA, IBM, and even VRTS was cited.

To: Chuzzlewit who wrote (892)	3/30/2000 2:35:00 PM
From: A. Wayne	Read Replies (3) \| Respond to of 1138

Hi Chuz, Isn't amazing, no one wanted LGTO when it was $26. Now that it's in the 40s the analysts run around upgrading it. Wayne March 30, 2000 10:35 Wit SoundView Starts Switchboard, Upgrades Legato Systems (SWBD) (NewsTraders.com)-- Internet directory company Switchboard (SWBD) was the focus of new brokerage attention on Thursday, as Wit SoundView analyst Jordan Rohan initiated coverage of the stock with a "buy" rating and a $40 price target. Switchboard was spun out from Banyan Worldwide (BNYN) in early March, pricing 5.5 million shares at $15 per share in its initial public offering. The analyst expects Switchboard to post per-share losses of $0.82 in fiscal 2000 and $0.05 in 2001. In recent market activity, shares of Switchboard were up $0.69 at $33.19. Separately, analyst Jim Mendelson raised his rating on Legato Systems (LGTO), a developer of storage management software, to "buy" from "hold," and established a price target of $65. Mendelson's earnings estimates remain unchanged at $0.65 for 2000 and $0.87 for 2001. Legato shares leapt $2.88 to $44.25 in recent trading.