PRE MARKETS

Futures are trading way up this morning on the heels of the blockbuster news out of MSFT after the close. Who would have thought a stodgy old company like that could be up close to 15% the day after earnings?

Anyhow, NDX should open trading about 33 over the close as I type and a hair away from a high set back in early 2001. SPX should open about 13 above the close and the DJIA about 80 so should be an interesting morning.

Business Week with a nice story on one of this fish's long time holding TROW, which hit a new high yesterday and is usually a pretty good proxy for a bull market. Assets grow, earnings grow, valuation grows.

BEAS says ORCL offer of $17 is unacceptable.

Gapping up - DV PANC ATSI CFC DELL LEH C GS MSFT RDN SWIR WFR DRIV MTG PALM SYNA CNH SLT MER NVDA; Gapping down- VERT TRID RADS VSEA SU BEAS KLAC BIDU BEAS;

WCG target cut to $50 from $110 at CS;