09:43 ET Early Developments : Networking (-4.3%) pacing the way lower with Internet (-3.7%), semiconductor (-3.3%), software
(-2.5%), computer-hardware (-2%) and broker/dealer (-1.1%) also posting sizeable early losses. On the plus side are fuel cell, energy,
drug, paper, healthcare and utility.
09:43 ET Verizon Comms (VZ) 52.91 -2.69 (-4.8%): Under pressure in early trading amid talk that VZ is planning to come to market
with $3 bln worth of convertible bonds.
09:38 ET Sector Watch: Semiconductor (OPENX ) : -- Technical -- On the defensive in early dealings with individual issues, KLAC
(49.7) and NVLS (49.94), headed back toward an important short term floor at 48.8/47.8 and 49, respectively. This marks the bottom of
the recent two week trading range and the Jan/April range.
09:31 ET dELiA*s Inc. (DLIA) 3.52 +0.22 (+6.7%): Retailer appoints Andrea M. Weiss as President of the company and to the Board
of Directors. Ms. Weiss most recently served as Executive Vice President and Chief Stores Officer of The Limited.
09:27 ET Lehman Brothers (LEH) 76.50: Files shelf offering to sell $25.5 bln in mixed securities (debt, preferred stock, depositary
shares, common stock). |
