15:18 ET Veritas Software may be losing share-- Pac Crest (VRTS) 18.52 -0.79: Pacific Crest is out with some cautious comments on VRTS, saying the co may be losing mkt share to privately-held competitor Commvault, which told the firm it won 97 deals in the latest qtr, up from 60.
15:09 ET Preannouncement rumors : The market is rife with rumors about preannouncements: General Electric (GE) is getting the most play, though it announces results Friday making a preannouncement highly unlikely - it could be that there are bets on downward guidance; unusual activity in out-of-the-money puts has been noted on GE. IBM also mentioned as possibly warning; they warned last quarter at about this time (Apr 8). Finally, a number of software players mentioned: SEBL, PSFT, SAP - all of which are certainly plausible given the many warnings already seen in the sector.