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

To: stockman_scott who wrote (41114)	9/10/2001 7:14:03 AM
From: Dealer	Read Replies (1) \| Respond to of 65232

Good Morning Scott! Man you get up early.... I am sitting here having my coffee and remembering: JFK death---gun shot Elvis death--heart attack OCTOBER 1987 Market Crash--I am sure there were a lot of factors but I can remember that a lousy Trade Deficit" report came out that day. :-) dealie

To: stockman_scott who wrote (41114)	9/10/2001 7:39:26 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 seen weaker at open By CBS.MarketWatch.com Last Update: 7:34 AM ET Sep 10, 2001 NEW YORK (CBS.MW) -- U.S. stocks are set for a fall at Monday's opening, pressured by continuing anguish over a weak U.S. economy and falling global markets. September S&P futures sank 11.00 to 1,072.30, which is about 14 1/2-points below fair value, according to figures provided by HL Camp & Company. Nasdaq 100 futures slumped 21.50, or about 24 1/2-points below fair value, to 1,332.00. Japan's benchmark Nikkei 225 Index closed down approximately 3 percent at its lowest level in 17 years (see ), while London's FTSE 100 (UK:1805550: news, chart, profile) was recently down about 2.8 percent and Germany's DAX 30 (DE:1876534: news, chart, profile) was off by about 3.2 percent (see ). The Dow Industrial Average tumbled Friday to its lowest close since early April after an unexpectedly large drop in nonfarm jobs, coupled with a jump in the unemployment rate, painted a grim picture of the labor market. Friday, The Dow Jones Industrial Average (INDU) fell 235 points, or 2.4 percent, to 9,606 after falling as many as 282 points earlier. The Nasdaq Composite ($COMPQ) dropped 18 points, or 1 percent, to 1,688 and the Nasdaq 100 Index ($INDX) fell 8 points, or 0.5 percent, to 1,354.22 Friday. Individual stock action Shares of RF Micro (RFMD) rallied $1.68, or 7.5 percent, to $23.99 in Instinet, after it said financial results for the quarter ending in September would "significantly exceed" previous forecasts, as a result of market share gains, increased end-user demand and normalized inventory levels. The company said it anticipates breaking even for the quarter ending September, while analysts surveyed by Thomson Financial/First Call had been expecting the company to lose 4 cents a share, on average. RF Micro now expects revenue to be approximately $91 million during the quarter, compared to analyst forecasts of $77.8 million. Dominion Resources has agreed to buy Louis Dreyfus Natural Gas Corp. for $1.8 billion in cash and stock, the Wall Street Journal reported in its online edition Monday. The deal, which is expected to be announced Monday, will boost Dominion's proven natural-gas reserves by 60 percent and expand its energy business, the report said. Dominion (D: news, chart, profile) is paying $40.20 per share of Oklahoma City-based Louis Dreyfus (LD: news, chart, profile), representing a 22 percent premium to Louis Dreyfus' Friday closing price of $32.96. Richmond, Va.-based Dominion is also assuming $505 million in Louis Dreyfus debt. Shares of Dominion ended down 8 cents at $62.63 on Friday.