Shares of Rovi Corporation (NASDAQ: ROVI) roared higher on unusually high volume Tuesday morning. High call option volume was also detected earlier this morning. This indicates that investors are looking for a strong upward move in the share price in a short period of time. All these factors together point to a possible good news release from the company. Andy Kibbens (Co-CEO of "The Markets Are Open") says "amidst all the recent takeovers, ROVI has high potential to be acquired. Its strong balance sheet and huge cash position make it very attractive to bigger players". The whisper number on Wall Street is US$5.65 Billion for the company. This would price shares at US$54.77/share. That represents a 20% increase over today's trading price.
Rovi Corporation sells licensing solutions for end customers in embedded products.
