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Strategies & Market Trends : VOLTAIRE'S PORCH-MODERATED -- Ignore unavailable to you. Want to Upgrade?

To: Dealer who wrote (22948)	12/8/2000 8:22:21 AM
From: Dealer	Respond to of 65232

M A R K E T--S N A P S H O T........7:43 A.M. Futures rising despite Intel warning Jobs report to get investor scrutiny By Greg Morcroft, CBS.MarketWatch.com Last Update: 7:43 AM ET Dec 8, 2000 NEW YORK (CBS.MW) -- U.S. stocks are poised to open higher despite a late Thursday warning from chipmaker Intel, a key component of both the Dow Jones and Nasdaq stock gauges. After the bell Thursday, Intel became the latest victim of slowing PC sales when it said its fourth quarter revenue would be flat. Read the full storyand see After Hours for post-market trading activity.Nasdaq stock futures rose 95 points to 2817.50 early Friday, while S&P 500 futures were 15.70 points higher, trading at 1372.20. On the economic front, Friday will see the release of the November jobs report, with the unemployment rate seen edging up to 4 percent and non-farm payrolls seen coming in at 149,000, according to a survey of economists conducted by CBS MarketWatch.com . View Economic Preview, economic calendar and forecasts and historical economic data. In pre-market trading Friday, Intel shares rose 69 cents to $33. Intel's news comes on the heels of quarterly warnings from such heavyweights as Motorola (MOT), Gateway (GTW), Altera (ALTR), LSI Logic (LSI) and Apple Computer (AAPL), as well as a cautious tone sounded by National Semiconductor (NSM) on its outlook. Listen to interview with National Semi CEO Brian Halla.Other stocks Microsoft (MSFT) rose 88 cents to $54 in pre-market trading on Instinet. The stock was Thursday's most active, with 72.6 million shares traded. It fell 6.3 percent, leading the components of the Dow Jones Industrials Average in declines, after Goldman Sachs ratcheted down its revenue and earnings estimates for the software behemoth. See full story. Elsewhere, Lattice Semiconductor said that its fourth-quarter revenue would be flat compared with the third quarter's $151 million. Analysts surveyed by First Call have been expecting revenue of $159 million, on average, and earnings of 36 cents a share. Thursday, Lattice (LSCC) shares closed down $1.06, or 6 percent, to $16.56. Ask Jeeves (ASKJ) revised it revenue and loss expectations for its fourth quarter and said that CEO Rob Wrubel will be stepping down from his position and giving up his board seat. Shares closed down 81 cents, or 7.7 percent, to $9.69 on Thursday. CDW Computer Centers Inc. (CDWC) said Thursday it expects fourth-quarter earnings per share to be in the range of 40 to 42, while analysts currently expect a profit of 50 cents for the quarter. Shares fell 28 percent on light volume on Island in after hours trading Thursday. In Thursday trading, the Nasdaq Composite ($COMPQ) shaved 43.85 points, or 1.6 percent, to 2,752.65 while the Nasdaq 100 Index declined 23.79 points, or 0.9 percent, to 2,719.91. The Dow Jones Industrials Average ($DJ) fell 45.89 points, or 0.4 percent, points to 10,618.49. Moving lower were shares of Alcoa, Microsoft, J.P. Morgan, Walt Disney, AT&T and Hewlett-Packard. The Standard & Poor's 500 Index ($SPX) fell 0.6 percent while the Russell 2000 Index ($RUT) of small-capitalization stocks gave up 0.5 percent. Treasury action Government prices ended Thursday on a mixed note with short issues slightly negative and long issues reaping modest gains. The 10-year Treasury note added 2/32 to yield ($TNX) 5.32 percent while the 30-year government bond rose 1/8 to yield ($TYX) 5.51 percent. See Bond report.