Volume Spike Investor

VeriFone Holdings Inc. (NYSE: PAY) is seeing a huge surge in pre-market trading.  As of 9:17 AM EST we have seen more than 400,000 shares trade hands and shares are up more than $4.00 at $18.80 on last look.  You can thank the company finally giving a positive outlook ahead of estimates, a cleaned-up accounting mess that has been a gorilla on its neck, and naming a new CFO.  Verifone makes the point-of-sale terminals used to process credit and debit card transactions which you have likely seen at grocery stores or many other retail outlets.  As a reminder, this fell from $50.00 after being a major growth story.

JON OGG

August 20, 2008