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To: 2MAR$ who wrote (36613)	12/13/2001 6:16:42 AM
From: 2MAR$	Respond to of 208838

Eurostocks flat after warnings; Cap Gemini drops By Alison Tudor LONDON, Dec 13 (Reuters) - European stocks opened flat on Thursday as late gains on Wall Street were offset by profit warnings from the world's biggest maker of chip-manufacturing equipment Applied Materials and Europe's largest computer services firm Cap Gemini . ADVERTISEMENT At 0834 GMT the FTSE Eurotop 300 index of pan-European blue chips was 0.14 percent higher while the narrower DJ Euro Stoxx 50 index was 0.31 percent firmer. In New York the Dow Jones industrial average (^DJI - news) closed up 0.07 percent and the tech-laded Nasdaq Composite (^IXIC - news) ended 0.47 percent higher. ``I do not see a big upswing after Wall Street's gains overnight, the best we can hope for is some stability,'' said Achim Matzke, head of European index research at Commerzbank in Frankfurt. Europe's largest computer services firm Cap Gemini fell 1.7 percent after the group said that tough economic conditions will halve its operating margin this year and are likely to persist throughout the first half of next year. AUTOS MOTOR Auto stocks outperformed slightly after bullish news that West European new car registrations rose four percent year-on-year in November according to the European Automobile Manufacturers Association. France's Peugeot was up 0.68 percent, Italy's Fiat added 0.12 percent, and Germany's DaimlerChrysler climbed 0.24 percent. BSkyB (quote from Yahoo! UK & Ireland: BSY.L) fell 5.9 percent after Deutsche Bank said it was placing 150 million equity certificates in the media group with a value of 1.065 billion pounds ($1.53 billion) that will convert into shares by next October. The bank said in a statement the placement would allow Vivendi Universal (NYSE:V - news) to lock in the value of a portion of its stake in BSkyB, which the French media group monetised through an equity swap deal with Deutsche Bank earlier this year. Technology investors will train a keen eye later on results from the U.S. software giant Oracle which will be among the first in the sector to shed light on post-September 11 business and give an outlook for 2002. U.S. DATA Attention will also shift to a batch of U.S. data. Headline producer prices in November are expected to fall 0.3 percent but core ex-food and energy prices are seen rising by 0.1 percent. Retail sales in November are seen down 2.8 percent but unchanged month-on-month if auto sales are excluded. Jobless claims for the week-ended December 8 are forecast at 466,000