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To: Dealer who wrote (21137)	6/1/2000 9:02:00 AM
From: Dealer	Read Replies (1) \| Respond to of 35685

Indications: Pre-market trading Microsoft gaining after final response Qualcomm sees bounce; PurchasePro picked by Hilton By Tomi Kilgore CBS MarketWatch Last Update: 8:56 AM ET Jun 1, 2000 NewsWatch Market Pulse NEW YORK (CBS.MW) -- Microsoft edged higher in pre-market trading Thursday after the software giant made its final effort to persuade a federal judge not to split the world's largest software company. The stock (MSFT: news, msgs) rose 11/16 to 63 1/4. In a response filed late Wednesday, Microsoft said, "The government's proposed final judgment is defective in numerous respects, making the document vague and ambiguous." See full story. Under orders from U.S. District Court Judge Thomas Penfield Jackson, the government offered a "clean copy" of its breakup plan, featuring largely technical revisions, in a filing with the court last Friday. See related story. On that day, Microsoft's stock hit a new 52-week low of 60 3/8. Qualcomm (QCOM: news, msgs) rose 2 3/8 to 68 3/4, after falling 10 points on Wednesday. China Unicom said that plans to build a wireless communications network based on CDMA technology was still on track, the China Daily reported, citing an unidentified company spokesperson. On Tuesday, reports surfaced that China Unicom told analysts that it would not adopt CDMA. PurchasePro.com (PPRO: news, msgs) powered 2 47/64 to 24 over the Island ECN. The business-to-business e-nabler said it was picked by Hilton Hotels (HLT: news, msgs) to establish a hospitality purchasing exchange. At present, Hilton spends more than $1.5 billion in goods and services through suppliers; this will migrate to an online system using PurchasePro's e-commerce engine. Akamai Technologies (AKAM: news, msgs) traded at 69 1/2 over Island, which was up 2 3/4 from Wednesday's close and ExciteAtHome (ATHM: news, msgs) tacked on 1 1/8 to 19 5/8. The companies said late Wednesday that they have entered into a strategic alliance to improve the content and applications delivery over ExciteatHome's network. The combination of Akamai and ExciteatHome will solve narrowband local loops and internetworking peering -- two major Internet bottlenecks. Aetna (AET: news, msgs) gained 1 1/4 to 68 in Instinet. The company acknowledged late Wednesday that it was in discussions that ?could lead to the sale? of its financial services and international businesses to ING Group. See related story. On Mar. 13, the stock had stumbled 5 1/4 to 50 3/4 after the company said it rejected $10 billion takeover of the entire company by ING (ING: news, msgs) and WellPoint Health Networks (WLP: news, msgs). At that time, Aetna said it would split the company into independent health care and financial services businesses. See related story. Gemstar International Group (GMST: news, msgs) tacked on 1 13/16 to 44 1/4 over Island. The company said late Wednesday that net income for the fourth quarter was $43.2 million, excluding a charge, or 17 cents a share. Analysts polled by First Call forecast a profit of 14 cents. Revenue in the quarter leaped 44 percent to $84 million. Yahoo (YHOO: news, msgs) advanced 1 11/16 to 114 3/4. The company is in talks to buy closely-held Internet music services company, Myplay, for about $200 million, reported the Wall Street Journal. The paper noted that Myplay currently has a deal with America Online (AOL: news, msgs) to provide AOL users with "virtual music lockers," which could complicate the talks with Yahoo. Among other tech stocks seeing activity in Europe, Cisco Systems (CSCO: news, msgs) moved up 15/16 to 57 7/8, Oracle (ORCL: news, msgs) climbed 1 to 72 7/8 and Intel (INTC: news, msgs) stepped 13/16 higher to 125 1/2.. Tomi Kilgore is a reporter for CBS MarketWatch.