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To: pallmer who wrote (4481)	1/2/2003 8:48:25 AM
From: pallmer	Respond to of 29597

-- UPDATE 1-Before the Bell-Cisco, Microsoft, Abbott gain -- (Adds Abbott, futures) NEW YORK, Jan 2 (Reuters) - Cisco Systems Inc. <CSCO.O> was among stocks to inch higher in pre-market trading on Thursday as many investors anticipated the new year would bring long-awaited gains after three straight years of losses. All but one of the 10 most active Nasdaq stocks were higher, pointing to a higher open for the Nasdaq composite index <.IXIC>. Cisco rose to $13.17 on electronic trading system Instinet from its Tuesday close at $13.10. Investors pushed the stock higher even after UBS Warburg cut its earnings and revenue outlook for Cisco's January quarter, saying that the U.S. enterprise market is shaping up to be weaker than expected. Other technology stocks to rise included software maker Microsoft Corp. <MSFT.O>, which rose to $52.31 from its close at $51.70, and chipmaker Intel Corp. <INTC.O>, which advanced to $15.78, from its Tuesday close at $15.57. U.S. stock markets were closed on Wednesday for the New Year's holiday. Abbott Laboratories Inc. <ABT.N> inched up to $40.75, from its Tuesday close at $40.00, after saying on Tuesday after exchanges closed that regulators had approved its rheumatoid arthritis treatment, Humira, and said it sees sales of the drug reaching $1 billion because it is easier to administer than rival treatments and may be safer. Stock futures pointed to a higher open. March futures for the S&P 500 advanced 8 points to 886.70. Futures for the Dow Jones industrials climbed 54 points to 8,385, while futures for the Nasdaq 100 gained 10 points to 997. ((Reporting by Chelsea Emery, editing by Dave Zimmerman; Reuters Messaging:chelsea.emery.reuters.com@reuters.net; 646-223-6115)) (C) Reuters 2003. All rights reserved. Republication or redistribution of Reuters content, including by caching, framing or similar means, is expressly prohibited without the prior written consent of Reuters. Reuters and the Reuters sphere logo are registered trademarks and trademarks of the Reuters group of companies around the world. nN02376014 XHR/US Symbols: US;CSCO US;COMP US;INTC US;ABT XE;CSCO US&DJI XE;MSFT GB;MSF US;MSFT DE;MSFF DE;MSFX CA;INTC XE;INTC 02-Jan-2003 13:47:18 GMT Source RTRS - Reuters News