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

To: Dealer who wrote (47708)	2/15/2002 8:12:13 AM
From: Dealer	Read Replies (1) \| Respond to of 65232

M A R K E T .. S N A P S H O T -- Shares set to take a dip at the open By Julie Rannazzisi, CBS.MarketWatch.com Last Update: 8:06 AM ET Feb 15, 2002 NEW YORK (CBS.MW) -- Dell Computer's results didn't stoke buying interest in the pre-open Friday, mirroring the muted reaction generated by Hewlett-Packard on Thursday. March S&P 500 futures declined 1.60 points, or 0.1 percent, and were trading 1.40 points below fair value, according to HL Camp & Co., while Nasdaq futures slid 11.50 points, or 0.8 percent and were trading about 3.10 points under fair value. Dell Computer saw its shares lose some yardage in European trading. The PC maker (DELL) reported after the close Thursday a fourth-quarter profit from operations that matched the Thomson Financial/First Call estimate. And Dell reaffirmed its earnings-per-share target for the first quarter of 2002 and added that unit volumes and revenue are expected to fall 3 percent to 5 percent. Spurring some enthusiasm were a slew of upgrades from CS First Boston in the chip segment. Micron Technology (MU), Atmel (ATML), Cypress Semi (CY), Integrated Device (IDTI), Microchip Tech (MCHP) and Silicon Storage Tech (SSTI) were also upped to a "buy" from a "hold." Long-dated government bonds added to Thursday's healthy gains, with the 10-year Treasury note up 3/32 to yield ($TNX) 4.94 percent and the 30-year government bond gaining 3/32 to yield ($TYX) 5.405 percent. A host of economic numbers will hit the tape Friday. They include: January industrial production, expected to have declined 0.1 percent; capacity utilization, seen coming in at 74.3 percent; the January producer price index, expected to have risen 0.2 percent overall and 0.1 percent at the core; and the Michigan consumer sentiment index for February. Check economic calendar and forecasts. In the currency sector, the dollar flexed his muscles against the major currencies. The greenback gained 0.5 percent to 132.80 yen while the euro slipped 0.5 percent to 86.96 cents.