Sybase(NYSE;SY), a global enterprise software company with June 2007 total quarterly revenue of $1 billion, is recently up 42 cents to $24.88. SY has a market cap of $17.6 billion. SY is expected to announce EPS on 10/25. According to Dow Jones, Sandell Asset Management, an owner of 6% of SY, wants SY to repurchase shares or look at selling the company. SAP AG (NYSE:SAP), recently announced a $6.8 billion takeover of Business Objects (NASDAQ:BOBJ) and Oracle (NASDAQ:ORCL) proposed taking over BEA Systems (NASDA:-BEAS), a supplier of service oriented architecture (SOA) and middle-ware software. SY November option implied volatility of 29 is above its 26-week average of 26 according to Track Data, suggesting slightly larger risk.

Openwave Systems(NASDAQ:OPWV), a provider of software solutions for the communications and media industry, is recently down 7 cents to $4.93. OPWV will announce EPS on 10/25. Barron's reported on 5/27/07 SY might be interested in OPWV. OPWV over all option implied volatility of 65 is near its 26-week average according to Track Data, suggesting non-directional risk.

Daily options Update is provided by Stock Specialist Paul Foster of theflyonthewall.com.

Option update: Sybase(SY) volatility Up on Activist investor & industry consolidation originally appeared on BloggingStocks on Fri, 12 Oct 2007 11:15:00 EST. Please see our terms for use of feeds.

Oracle (NASDAQ: ORCL) is expected to release 1st quarter EPS of .21 after the close on 9/20. Goldman Sachs says "ORCL currently trades at a significant discount to the group on an EPS basis at 16X our CY08 EPS estimate (ex-ESOs) vs. the group median of 20X." GSCO has a $24 price target on ORCL. ORCL September 20 straddle is priced at .95 cents. ORCL October option volatility of 32 is above its 26-week average of 28 according to Track Data, suggesting larger near term fluctuations.

Business Objects (NASDAQ: BOBJ), a global provider of business intelligence software solutions, is recently up $2.52 to $44.90. BOBJ has a market cap of $4.2 billion. Bank America says "French newspaper Le Figaro has reported that BOBJ has put itself up for sale and citing interest by several companies, including SAP. BOBJ & SAP have declined to comment on the speculation." BOBJ September 45 straddle is priced at $2.65. BOBJ October option implied volatility of 48 is above its 26-week average of 34 according to Track Data, suggesting larger price risk.

Daily options Update is provided by Stock Specialist Paul Foster of theflyonthewall.com.

Option update 9-17-07; Oracle option prices Elevated into 9/20 EPS & Outlook originally appeared on BloggingStocks on Mon, 17 Sep 2007 17:07:00 EST. Please see our terms for use of feeds.