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Politics : Idea Of The Day

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To: IQBAL LATIF who wrote (40160)	7/9/2001 9:35:32 AM
From: IQBAL LATIF	Read Replies (1) of 50167

Finnish mobile phone maker Nokia (NYSE:NOK) (HELS:NOK1V) and other European technology leaders fell to new lows for the year on Monday, dragging down bourses amid persistent fears over corporate earnings. The pan-European FTSE Eurotop 300 index <.FTEU3> was down 0.87 percent, while the euro zone's Euro Stoxx 50 <.STOXX50E> benchmark slipped 1.06 percent. Asian stocks faltered on Friday, unable to counter the barrage of global earnings warnings. Japan's benchmark Nikkei index <.N225> ended down 301.22 points at 12,306.08 -- its lowest close since March 21. Wall Street will also be focusing on Dow component and telephone giant AT&T Corp. (NYSE:T). Cable-television company Comcast Corp. (NASDAQ:CMCSK) (NASDAQ:CMCSA) made an unsolicited $44.5 billion stock bid on Sunday to acquire AT&T's broadband cable-television unit, but AT&T said it had no plans to sell. Among technology companies issuing quarterly results this week are wireless giant Motorola Inc. (NYSE:MOT), Internet firm Yahoo Corp. (NASDAQ:YHOO), both on Wednesday, and Web gear company Juniper Networks (NASDAQ:JNPR), on Thursday.

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