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

To: Dealer who wrote (28024)	1/3/2001 9:05:09 AM
From: Dealer	Read Replies (2) \| Respond to of 65232

Before the Bell - Techs slip (UPDATE: Updates with research, Tumbleweed and Efficient lower) NEW YORK, Jan 3 (Reuters) - Shares in leading technology companies slipped in pre-opening trading on Wednesday after Lehman Brothers cut its outlook for earnings from semiconductor maker Intel Corp. (NasdaqNM:INTC - news). March futures for the technology-laden Nasdaq 100 index were off 37.50 points at 2,129.50. Futures for the Standard & Poor's 500-stock index were off 4.40 points at 1,295.20. Intel, a component of the Dow Jones industrial average (^DJI - news), was down at $30-5/16 from a close of $31-1/16. Lehman Brothers cut its outlook for Intel's 2001 profits per share and its 12-month price target on the stock. Among other leading technology issues, computer networking equipment maker Cisco Systems Inc. (NasdaqNM:CSCO - news) was down at $32-3/8 from a close of $33-5/16. Tumbleweed Communications Corp. (NasdaqNM:TMWD - news) was down at $4-1/4 from a $10 close after the provider of secure Internet electronic mail services said its fourth-quarter losses would be wider than it had forecast. Efficient Networks Inc. (NasdaqNM:EFNT - news) fell to $7-13/16 from a close of $12-5/16 after the Internet routing equipment maker said it expected its fiscal second-quarter revenues to fall short of forecasts.