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Tech Industry

MARKET PREVIEW: Techs await Microsoft ruling

Microsoft will steal headlines again Tuesday as investors await word on its antitrust case. Asian markets were mixed, Europe moved up, and the Dow is set to open higher.


U.S. District Judge Thomas Penfield Jackson could issue a ruling in the Microsoft (Nasdaq: MSFT) antitrust case as early as Tuesday. People familiar with the case cited in Tuesday's Wall Street Journal said the company's settlement offer acknowledges that it must change, but its concessions may not be able to head off a ruling against it.

As Microsoft declined Monday, Cisco Systems Inc. (Nasdaq: CSCO) took over as the nation's most valuable company.

In earnings news, Best Buy (NYSE: BBY) and FastNet (Nasdaq: FSST) will report fourth quarter results before market open and Palm (Nasdaq: PALM) will report its third quarter after the bell.

On the IPO front, Moldflow (Nasdaq: MFLO), developer of software for the manufacture of injection molded plastic parts, priced its offering at $13.

Expect the following technology stocks to be among Tuesday's most actively traded issues:,, Liberate Technologies and Terayon.

Investors pulled out of blue-chip stocks Monday as the Dow Jones industrial average fell 87 points to 11,025.85. The tech-laden Nasdaq composite shed 5 points to end at 4,958.52.

At the Bell

The Dow Jones industrial average may open about 68 points higher. The Standard & Poor's 500 index for June futures contracts was up 9.5 points to 1548 at 7:31 a.m. EST in 24-hour electronic trading.

The Inter@ctive Week @Net Index was up 8 to 688.52.


Trading in Asia was mixed. The Nikkei 225 rose 0.46 percent to 20,374, Singapore's Strait Times index slipped 0.43 percent to 2,207 and Hong Kong's Hang Seng was up 0.05 percent to 18,301.


European markets were moving up. London's FTSE 100 rose 0.43 percent to 6,715. The CAC 40 in Paris gained 1.93 percent to 6,575 and the Xetra DAX in Frankfurt was up 1.55 percent to 8,014 at 7:11 a.m. EST.

Reuters contributed to this report.