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

To: Dealer who wrote (35628)	4/10/2001 8:20:55 PM
From: Dealer	Respond to of 65232

CORRECTIONS TO EARNINGS DATES: The following corrections taken from the company IR site. SEBL correct report date: 4/18/01....Thanks UF. RMBS correct report date: 4/12//01 NTAP correct report date: 5/15/01 I am taking these from the following site: justwhispers.com If you have any more corrections please post. dealie

To: Dealer who wrote (35628)	4/11/2001 8:57:08 AM
From: Dealer	Read Replies (1) \| Respond to of 65232

M A R K E T .. S N A P S H O T -- U.S. stocks look to build on gains By Julie Rannazzisi, CBS.MarketWatch.com Last Update: 8:24 AM ET Apr 11, 2001 NEW YORK (CBS.MW) - U.S. markets are looking to extend gains Wednesday following a positive note on the chip sector from Salomon Smith Barney. June S&P 500 futures gained 11.00 points, or 0.9 percent, but were trading about 7.00 points above fair value according to numbers provided by HL Camp & Co. And Nasdaq futures added 42.00 points, or 2.6 percent. Salomon's Jonathan Joseph upped the semiconductor sector to an "outperform" from "neutral." The analyst based his decision on "anecdotal order and shipment data that is so bad it cannot continue for long and sector data that suggests a fundamental bottom is only months away." Joseph believes the Philly Semiconductor Index, which closed on Tuesday at 520, has downside risk to 400 but upside potential to 700. Joseph upgraded Intel, Micron Technology, Texas Instruments, Applied Micro Circuits, Altera and Xilinx to a "buy" from "outperform." Motorola (MOT), which reported after the close Tuesday a wider-than-expected loss and its first red ink in over 15 years, rose 20 cents in Instinet, reversing earlier losses. Motorola posted a loss from operations of 9 cents a share in its first quarter vs. expectations for a 7-cent loss. Motorola said chip orders in the Americas and Europe were down very significantly but up slightly in Japan. Other chip stocks headed north on the heels of the Smith Barney note, with Intel up $2.23 and Micron up $2.35. News that storage leader EMC won't meet profit targets didn't ruffle feathers in the pre-market. The company (EMC) said it now sees first-quarter earnings-per-share of 18 cents, 2 cents below Wall Street estimates. The company blamed the shortfall on tightened IT budgets and the effects of the economic slowdown on U.S. and European customers. EMC will announce its full results on April 19. Shares surged nearly 12 percent on Tuesday. In the meantime, the European Central Bank left short-term rates unchanged at its policy-setting meeting. Investors had been expecting the central bank to lower rates by at least 25 basis points. The news weakened the euro. Read the full story. In the Treasury arena, prices were quick to turn lower as the equity futures markets rose. The 10-year Treasury note was down 6/32 to yield ($TNX) 5.10 percent while the 30-year government bond erased 6/32 to yield ($TYX) 5.63 percent. Wednesday will see the release of the March import and export price indexes. View Economic Preview and economic calendar and forecasts. In the currency arena, dollar/yen shed 0.2 percent to 124.18 while euro/dollar shed 0.5 percent to 0.8842.