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Technology Stocks : Compaq -- Ignore unavailable to you. Want to Upgrade?

To: PCSS who wrote (43522)	1/14/1999 1:24:00 PM
From: Night Writer	Respond to of 97611

How long since that has happened? That may not be good. NW

To: PCSS who wrote (43522)	1/14/1999 1:25:00 PM
From: Kenya AA	Respond to of 97611

Michael: Yes, but that's good news - you don't want to be down on heavy volume. CPQ's volume very low today, too. K

To: PCSS who wrote (43522)	1/14/1999 1:29:00 PM
From: Night Writer	Read Replies (1) \| Respond to of 97611

U.S. TRADING SUMMARY: U.S. stocks were lower Thursday morning as the Dow Industrials fell 50 points at the open. By 10:50 a.m. ET, the Dow was off 108 points at 9241. The technology-laden Nasdaq composite was off six at 2310 after trading higher for most of the morning. The Standard & Poor's 500 index was down six at 1228. Advances narrowly trailed declines on the New York Stock Exchange on volume of 205 million shares. Kenneth Ducey, director of trading at BT Brokerage, said markets were still nervous in the wake of Brazil's devaluation of its currency on Wednesday. Shares also were hurt by profit-taking. The long bong was up 12/32 to yield 5.10%. TOKYO/LONDON: Shares in Tokyo surged 2.5%, as a weak yen helped investors shrug off news of Brazil's financial woes, which sent other major Asian-Pacific markets reeling Thursday. The Nikkei 225 average climbed 335.26 to 13,738.86. In London, the FTSE 100 pared earlier gains and dipped back into negative territory as Wall Street opened mixed, confusing earlier market predictions. Vodafone rose 3.6% as Dresdner Kleinwort Benson and BT Alex. Brown set a price target of 15.00 pounds. Marks & Spencer plunged 12.3% after a profits warning, dragging down Northern Foods, its major food supplier. CURRENCIES: The dollar opened slightly firmer on Thursday, as global markets steadied themselves following the turmoil sparked Wednesday by Brazil's currency devaluation, and wary market players breathed a small sigh of relief. Dealers remained nervous about the aftershock of Wednesday's 8.2-percent devaluation in Brazil's currency, the real, but the markets were taking an unusually sober view of the developments in Latin America, traders said. In early New York trading, the dollar was quoted at 114.05 yen, up sharply from 113.13 yen late Wednesday in New York. The euro was quoted at $1.1648, down from $1.1663. MAJOR COMPANY/INDUSTRY NEWS: (All prices as of 10:35 a.m. ET) EASTMAN KODAK CO. (EK: 71-13/16, - 6-7/8) fell early Thursday after the company reported lower-than-expected fourth quarter earnings. Citing a slowdown in office imaging volume and turmoil in Russia, Kodak reported earnings of $0.83 per share. The consensus estimate among Wall Street analysts was $1.15, according to First Call. See Full Story at infobeat.com. Technology and communications giant MOTOROLA INC. (MOT: 70, - 7/8) Thursday said it expects first-quarter results to exceed analysts' consensus estimates of $7.1 billion in sales and 23 cents in earnings per share. However, the company said in a teleconference that it remains cautious about 1999 despite a more positive outlook. Wednesday Motorola reported 1998 fourth-quarter earnings that were down sharply from a year earlier but above Wall Street forecasts.