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Technology Stocks : Compaq -- Ignore unavailable to you. Want to Upgrade?

To: PCSS who wrote (91965)	6/29/2001 4:19:31 PM
From: Elwood P. Dowd	Read Replies (1) \| Respond to of 97611

Does after hours trading on 6/30 reflect as a 7/1 purchase? Somebody wants to start off Q3 with a boatload of CPQ in their portfolio!

To: PCSS who wrote (91965)	6/29/2001 4:25:59 PM
From: Elwood P. Dowd	Respond to of 97611

Friday June 29 4:07 PM ET Nasdaq Systems Fail; Trading Extended By Mark Weinraub NEW YORK (Reuters) - Technology problems on Nasdaq's computer system on Friday afternoon forced a trading halt for the second straight day and caused the No. 2 U.S. stock market to extend the trading day by one hour. Nasdaq was having a problem with its network that was affecting price quotes for stocks, a Nasdaq spokesman said. ``It's very annoying and it's not only that because it is very costly,'' said a Nasdaq trader who did not wish to be identified. ``It just depends how much it's going to cost you.'' Details of the problem were not immediately available but the spokesman said the market had suspended trading on its SOES and SelectNet stock order routing systems. Nasdaq stocks, such as Dow component Intel Corp. (NasdaqNM:INTC - news), could still be traded on alternative trading systems such as electronic communications networks, but there was no way to access the share dealers -- called market makers --who handle the highest volume. Trading on Nasdaq would be extended until 5 p.m. EDT (2100 GMT). The New York Stock Exchange (news - web sites) said it still planned to close at its usual time, 4 p.m. On Thursday, Nasdaq was forced to shut down its systems after traders reported problems entering price quotes shortly after trading in Microsoft Corp. (NasdaqNM:MSFT - news) resumed and volume surged following a more-than three-hour halt. Nasdaq shut down its SelectNet and SOES stock trading systems at 3:02 p.m. EDT (1902 GMT) Thursday. The quote systems were fixed by 3:06 p.m., and trading was restarted at 3:20 p.m. Nasdaq, which trades around 2 billion shares a day on average, recently has encountered problems with its trading systems, including a SelectNet failure earlier in June. The system also went down for about 15 minutes in March, and a handful of erroneous trades entered into the system in February caused the Nasdaq Composite Index (^IXIC - news) to falsely spike up 14 percent. Nasdaq's new trading system, nicknamed SuperSOES, is scheduled to be implemented on July 8. SuperSOES, which Nasdaq has said has performed well in testing, enables traders to process more trades automatically. Technology problems also have plagued the New York Stock Exchange, Nasdaq's main rival. A problem with new trading software caused the Big Board to halt trading on its entire floor for nearly 90 minutes on June 8.