Many stocks are on the move this Wednesday morning.  Active traders and day traders are likely to be watching the moves seen in Apple Inc. (NASDAQ: AAPL), Burger King Holdings, Inc. (NYSE: BKC), LM Ericsson Telephone Co. (NASDAQ: ERIC), G-III Apparel Group, LTD. (NASDAQ: GIII), Joy Global Inc. (NASDAQ: JOYG), Microvision, Inc. (NASDAQ: MVIS), Netflix, Inc. (NASDAQ: NFLX), Saks Inc. (NYSE: SKS), and Salary.com, Inc. (NASDAQ: SLRY).

Apple Inc. (NASDAQ: AAPL), the only tech company anyone still cares about, is trading higher ahead of its new iPod and TV development expectations due at the Apple event today.  Shares are indicated up 1.3% at $246.30 on over 100,000 shares.

Burger King Holdings, Inc. (NYSE: BKC) is trading up on private equity buyout chatter.  Interestingly enough, options already signaled this.  Shares are trading up at $19.40 on over 120,000 shares versus a $16.45 close on Tuesday.

LM Ericsson Telephone Co. (NASDAQ: ERIC) is trading up after discussing a joint venture between Sony and Ericsson to grow in China, shares are up 3.8% at $9.63 on 35,000 ADRs.

G-III Apparel Group, LTD. (NASDAQ: GIII) is trading up sharply after beating earnings and guiding higher.  Shares are up 21% at $29.28 on over 20,000 shares; the 52-week range is $12.83 to $31.20.

Joy Global Inc. (NASDAQ: JOYG) is up only marginally after earnings came to $1.13 EPS and $850 million in revenues versus Thomson Reuters estimates of $1.02 EPS and $787.2 million in revenues.  Joy also raised 2010 guidance to $4.10 to $4.15 EPS versus $3.85 to $4.00 prior and versus $4.01 EPS from Thomson Reuters.  Shares are up only 0.8% at $57.00 versus a 52-week range of $35.32 to $65.93 on 12,000 shares.

Microvision, Inc. (NASDAQ: MVIS) is a day-two move after new financing and also on hope that its Pico projector will be tied in to Apple somehow.  Shares are up 4.6% at $2.72 on 10,000 shares.

Netflix, Inc. (NASDAQ: NFLX) is up after Piper Jaffray maintained an Overweight rating as any rumored deal with Apple TV would expand its business.  Shares closed at $125.52 and shares are now up over 3% at $125.52 on over 20,000 shares.

Saks Inc. (NYSE: SKS) may have just had some wind taken out of its sails after JPMorgan cut the rating to Neutral as all upside in any deal (which has been rumored on multiple occasions in the past).  Shares are down 5.7% at $7.45 on nearly 100,000 shares.

Salary.com, Inc. (NASDAQ: SLRY) is seeing a major price surge on crummy volume.  The HR-software company is up 43% at $4.11 after Kanexa offered $81 million to buy the company.  This is a $4.07 all cash tender offer.

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JON C. OGG

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