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Tech Industry

MARKET PREVIEW: Techs eye earnings, IPOs

After its fourth-worst point-loss ever, the Nasdaq will look to Oracle's earnings and IPOs to revive it Tuesday. Asian and European markets were mixed, and the Dow is set to open slightly lower.


Concerns about Japan's official re-entry into recession, and the hit taken by Japanese high-tech issues sent the Nasdaq into a tailspin Monday. Software giant Oracle's (Nasdaq: ORCL) third quarter results, and a batch of IPOs could revive techs Tuesday.

On the IPO front, RADVision (Nasdaq: RVSN), an Israeli company that provides products enabling the delivery of voice and data over IP networks, priced 3.8 million shares at $20, Internet auctioner FairMarket (Nasdaq: FAIM) priced shares at $17 each and Internet consultant Digitas (Nasdaq: DTAS) priced at $24 a share.

A few other stocks which may garner attention include Dell (Nasdaq: DELL), which plans to power its new B2B site with Ariba's (Nasdaq: ARBA) software.

Expect the following technology stocks to be among Tuesday's most actively traded issues: Serena Software, Solectron and Xybernaut.

Rotten economic news from Japan put a damper on trading Monday as the Nasdaq composite plunged 141 points to 4,907.48 while the Dow Jones industrial average managed to move up 18 points to end at 9,947.13.

At the Bell

The Dow Jones industrial average may open about 28 points higher. The Standard & Poor's 500 index for June futures contracts was up 3.9 points to 1405 at 7:31 a.m. EST in 24-hour electronic trading.

The Inter@ctive Week @Net Index was down 17 to 658.07.


Trading in Asia was mixed. The Nikkei 225 lost 0.25 percent to 19,141, Singapore's Strait Times index gained 0.53 percent to 2,043 and Hong Kong's Hang Seng was down 0.98 percent to 16,929.


European markets were also moving in different directions. London's FTSE 100 rose 0.43 percent to 6,494. The CAC 40 in Paris lost 0.10 percent to 6,330 and the Xetra DAX in Frankfurt was down 0.12 percent to 7,684 at 7:05 a.m. EST.

Reuters contributed to this report.