Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Technology Stocks : Qualcomm Incorporated (QCOM) -- Ignore unavailable to you. Want to Upgrade?

To: marginmike who wrote (34421)	7/9/1999 9:27:00 AM
From: Caxton Rhodes	Read Replies (1) \| Respond to of 152472

Indications - A look at pre-market trading Qualcomm shares jump in pre-open trading Visio drops; Perclose climbs; Cerner falls; Yahoo gains By Tomi Kilgore, CBS MarketWatch Last Update: 9:06 AM ET Jul 9, 1999 NewsWatch Pulse NEW YORK (CBS.MW) -- Shares of Qualcomm jumped early Friday on news the stock will be joining Standard & Poor's benchmark index. Today on CBS MarketWatch European bourses tread water Hardware a hit Yahoo cheers Net stocks Tobacco road heads downhill Good economy bad for med techs More top stories... CBS MarketWatch Columns Updated: 7/9/99 5:06:56 AM ET Qualcomm (QCOM: news, msgs) soared 10 3/4 to 153 over the Island ECN. Standard & Poor's said late Thursday that the telecom company's stock will replace Transamerica Corp. (TA: news, msgs) in the S&P 500 ($SPX: news, msgs). The date of the switch will be announced at a later date. Visio Corp. (VSIO: news, msgs) plummeted 13 7/16, or 34.5 percent, to 25 1/2 in Instinet trading. The company warned investors late Thursday that third-quarter earnings per share would fall in the 29 - 30 cent range. First Call estimates had expected 35 cents. Perclose Inc. (PERC: news, msgs) rocketed up 11 1/4 to 50 3/4 over Island. Abbot Laboratories (ABT: news, msgs) said late Thursday that it would acquire Perclose in a $680 million stock deal. See full story Abbot's shares lost 1 to 41 7/8 in Instinet. Abbot will be holding a conference call Friday at 10 a.m. ET, according to Cantor Fitzgerald's Morning News Report. Cabletron Systems (CS: news, msgs) advanced 11/16 to 13 3/4 in Instinet. The company was touted as a take-over target in BusinessWeek's Inside Wall Street column. 24/7 Media (TFSM: news, msgs) rose 3 1/16 to 45 in Instinet. The media company was also mentioned in BusinessWeek as a buy-out target. Cerner Corp shares (CERN: news, msgs) dropped 3 1/4 to 14 3/4 in Instinet. The company said late Thursday that earnings for the second quarter would be flat to 2 cents per share. Analysts were expecting a gain of 10 cents, according to Zacks. Among other companies that warned, HMT Technology (HMTT: news, msgs) fell 1/4 to 2 in Instinet. The company said first-quarter results would fall short of fourth-quarter earnings. See full story Yahoo (YHOO: news, msgs) gained 1 1/16 to 165 1/2 in Instinet. The stock slipped 2 5/8 Thursday after reporting better-than-expected earnings. Biogen (BGEN: news, msgs) crept 3/8 higher to 67 1/16 in Instinet. The company posted second-quarter earnings late Thursday of 34 cents per share, citing strong sales of its Avonex drug. See full story Wall Street analysts were expecting 32 cents, according to a First Call survey. Intel (INTC: news, msgs) slipped 1/4 to 65 1/2, according to market makers at Madoff Investment Securities. Chip makers fared very well Thursday, as the PHLX Semiconductor index ($SOX: news, msgs) rose 3.8 percent. Dell Computer (DELL: news, msgs) was 1 11/16 higher to 41 5/8 in Instinet and Compaq Computer (CPQ: news, msgs) added 1/4 to 26, said Madoff. PC makers also showed strength Thursday, as the Goldman Sachs Computer Hardware index ($GHA: news, msgs) tacked on 2.9 percent. Among other shares seeing activity, Philip Morris (MO: news, msgs) inched 1/8 higher to 38 3/8 in London. Philip Morris stock is a component of the Dow Jones Industrials Average ($INDU: news, msgs).