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To: dwight martin who wrote (30096)	1/12/1998 9:08:00 PM
From: Glenn D. Rudolph	Respond to of 61433

TECHNOLOGY ISSUES WERE BIG MOVERS AMID ASIAN MARKET WORRIES Futures World News - January 12, 1998 17:59 STOCK V%FWN P%FWN New York-Jan. 12-FWN/UPI--TECHNOLOGY ISSUES WERE AMONG the big movers in volatile trading today, as the market struggled to recover from a sell off following sharp drops in most Asian markets. Compaq Computer Corp. topped the Big Board actives, falling 15/16 to 56. Dow component AT&T Corp. followed, gaining 1 9/16 to 62 3/8. Micron Technology Inc. was third, rising 1 1/8 to 28 5/8. Dow components IBM Corp. inched up 1/16 to 100 1/8 and Hewlett-Packard Co. edged up 3/16 to 62 3/16. Texas Instruments Inc. rose 7/8 to 42 1/2, while Motorola Inc. fell 1 to 54 1/2 ahead of the release of its fourth-quarter earnings results. After the market closed, the maker of semiconductors, cellular phones and other communications products reported earnings of 65 cents a share, excluding restructuring charges, up from last year's 59 cents but 3 cents short of analysts' average estimate. Motorola said, "The deterioration of economic conditions in certain Asian markets had an impact in terms of slowing the growth of sales, orders and profits, as well as putting pressure on pricing." Procter & Gamble Co. jumped 3 7/16 to 82 5/16 and Merck & Co. climbed 3 5/16 to 106 3/16 to lead gainers among Dow components. Elsewhere on the New York Stock Exchange (NYSE), NationsBank Corp. fell 15/16 to 58 1/16 even though its fourth-quarter earnings fell in line with analysts' forecasts. The major bank said its net income rose to $1.15 a share from last year's $1.09. Intel Corp. led the Nasdaq actives, climbing 3 3/4 to 75 5/8. Oracle Corp. followed, falling 11/16 to 18 1/16. Dell Computer Corp. was third, jumping 3 7/8 to 87 1/16. Microsoft Corp. also gained 2 1/2 to 129 1/2 and Cisco Systems Inc. rose 1 7/16 to 55 11/16. PhyCor Inc. dropped 3 3/8 to 19 after the physician practice management company announced it anticipates recording in the first quarter a pretax charge to earnings of approximately $15 million relating to last week's termination of its proposed merger with MedPartners Inc. MedPartners slid 9/16 to 8 3/16 on the NYSE.