To: Dealer who wrote (26156 ) 7/21/2000 8:39:46 AM From: Dealer Respond to of 35685 MARKET SNAPSHOT Shares look for mixed open Futures markets points to sloppy open By Julie Rannazzisi, CBS.MarketWatch.com Last Update: 8:25 AM ET Jul 21, 2000 NewsWatch Latest headlines NEW YORK (CBS.MW) - The stock market is looking to pause at the open Friday, with some weakness detected in the technology sector. September S&P 500 futures lost 4.20 points but were trading roughly 2.50 points above fair value, according to HL Camp & Co. Nasdaq futures, meanwhile, fell 30.00 points, or 0.7 percent. In shares trading before the opening bell, America Online (AOL: news, msgs) trimmed 2 7/16 below its NYSE to 59 1/8 in Instinet. See Indications. The company reported after the close fourth-quarter earnings of 13 cents a share, beating the First Call estimate by 2 cents. See full story. Quarterly revenue grew to $1.9 billion, up 39 percent from the same period last year, and up from $1.84 billion in the previous quarter. But advertising and commerce revenue came in below expectations. Sun Microsystems (SUNW: news, msgs) unleashed fourth-quarter earnings of 39 cents a share late Thursday, beating the First Call estimate of 33 cents a share. Read the story. Sun's chief financial officer said annual revenue growth should be "pushing 30 percent" in the coming quarters with earnings growth coming close to matching the revenue gains. The stock rose 4 1/8 to 98 1/16 on Thursday. Agilent Technologies tumbled 26 percent, or 19 below its NYSE close to 54 in Instinet pre-market trading. Agilent (A: news, msgs) warned late Thursday that third-quarter earnings won't meet Wall Street estimates due to shipping delays caused by production constraints and parts shortages. The company said it expects to earn between 18 and 22 cents a share for the third quarter, below the First Call estimate of 35 cents a share. Read the full story. Over in the bond market, prices were a smidgen lower following Thursday's mammoth rally on the heels of calming remarks from Fed chair Alan Greenspan. The 10-year Treasury note lost 3/32 to yield of 6.02 percent while the 30-year bond shed 1/32 to yield 5.80 percent. On the economic front, the Treasury Budget statement for June will be out on Friday. View Economic Preview, economic calendar and forecasts and historical economic data. In the currency arena, dollar/yen climbed 0.9 percent to 108.50 while euro/dollar edged up 0.2 percent to 0.9349. See latest currency rates. -------------------------------------------------------------------------------- Julie Rannazzisi is markets editor for CBS.MarketWatch.com.