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To: Jorj X Mckie who wrote (57048)	10/19/2000 3:47:26 AM
From: Junkyardawg	Respond to of 63513

Top Financial News Thu, 19 Oct 2000, 3:45am EDT European Stocks Rise: Nokia Beats Forecasts, Whitbread Gains By John Fraher London, Oct. 19 (Bloomberg) -- European stocks rose, led by Nokia Oyj after the world's largest mobile phone maker reported earnings that beat expectations. Whitbread Plc gained after announcing plans to sell its pubs division. The Stoxx 50 rose 66.2 points, or 1.4 percent, to 4764.69. Four shares advanced for every three that fell in the 600-member Dow Jones Stoxx index, which rose 3.78 points, or 1 percent, to 370.99. ``We've had a cracking set of numbers from Nokia and I think all those who bailed out of tech yesterday will find themselves jumping back in,'' said James Dewhurst, a director at ING Barings Charterhouse. Nokia rose 6.17 euros, or 17.2 percent, to 41.99 in pre- market trading when bids and order can be placed but aren't executed. The world's No. 1 mobile phones maker said third-quarter profit advanced 40 percent to 892 million euros from a year earlier, beating the average forecast of 745 million euros forecast of analysts polled by Bloomberg. Alcatel SA, Europe's second biggest phone equipment maker, advanced 3.6 euros, or 5 percent, to 73. Baltimore Technologies Plc and other computer-related companies rose after Microsoft Corp.'s earnings beat forecasts. The largest software maker said its fiscal first-quarter profit rose to 46 cents a share from 38 cents a shares a year earlier, beating estimates of 41 cents a share. Microsoft rose 8.2 percent in after-hours trading. Baltimore, Europe's largest maker of computer-security software, rose 36p, or 8.1 percent, to 480. TietoEnator Oyj, a Nordic computer-service company, gained 2.75 euros, or 9.7 percent, to 31. The DJ technology index was the best-performer among the 18 industry groups, gaining 5.8 percent. Whitbread jumped 38.5p, or 8.9 percent, to 470. The U.K.'s largest restaurant operator said it plans to sell its pubs division to focus on the hotel, restaurant and leisure businesses. About 75 percent of net proceeds from the sale will go to shareholders, the company said in a statement distributed by the Regulatory News Service. The stock remains 25 percent lower this year. SAP AG fell 11.4 euros, or 4.7 percent, to 232 after reporting third-quarter earnings at the lower end of analyst estimates. The largest business-management software maker said third-quarter profit rose 96 percent to 88 million euros compared to a year earlier. The estimates of six analysts ranged from 76.2 million euros to 200 million.