Volume Spike Investor

Xilinx, Inc. (Nasdaq: XLNX) is soaring on its September guidance up approximately 10% sequentially in sales, above the prior 2% to 6% gain expected. Virtex-5 sales will increase significantly in the September quarter to be above 20% of total sales. Delinquent sales are now shipping and gross margin guidance is ~61%.  At 8:25 AM EST we have seen over 1.1 million shares trade hands versus 6.9 million shares on average. The gain is 7.4% at $24.40.  Be advised that $24.28 is the old 52-week high.

We would watch Altera Corporation (NASDAQ: ALTR) for a similar trading pattern today as these two often trade hand in hand.

-JON OGG