MARKET PREVIEW: Techs look for momentum

Buoyed by a positive futures outlook, U.S. technology stocks are hoping to build on yesterday's gains. Markets in Europe moved up, trading in Asia was mixed, and early indicators have the Dow set to open higher.

U.S.

Semiconductor makers Xilinx (Nasdaq: XLNX), Triquint Semiconductor (Nasdaq: TQNT), and Varian Semiconductor (Nasdaq: VSEA) all warned late Monday that they will not meet expectations due to the slowdown in the U.S. economy.

Siebel Systems (Nasdaq: SEBL), a maker of e-business software, lost over 9 percent in pre-session trading after the company said yesterday that its senior vice president for sales had resigned.

Shares of Yahoo (Nasdaq: YHOO) may see some action after the company's rating was cut to "market perform" at Goldman Sachs.

Expect the following technology stocks to be among Tuesday's most "http:="" www.zdii.com="" industry_list.asp?mode="news&doc_id=ZE507771&pic=Y"" rel="">actively traded issues: J.D. Edwards (Nasdaq: JDEC), TriQuint Semiconductor (Nasdaq: TQNT) and Xilinx (Nasdaq: XLNX).

The Nasdaq gained 25.29 to 2,142.92 in light trading on Monday, while the Dow Jones industrial average added 95.99 to 10,562.30.

At the Bell

The Dow Jones industrial average is expected to open up 66 points. The Standard & Poor's 500 futures index rose 7.80 to 1251.50 at 7:24 a.m. EST in 24-hour electronic trading.

The Inter@ctive Week @Net Index gained 4 to 210.56.

Asia

The major Asian markets were mixed. The Nikkei 225 and Hong Kong's Hang Seng both posted triple-digit gains, rising 365.58 to 12,687.74 and 185.79 to 14,321.05, respectively. Singapore's Straights Times closed down 7.18 to 1900.06.

Europe

European markets were on an upswing. London's FTSE 100 was up 32.40 to 5,963.70, the CAC 40 in Paris added 69.28 to 5,438.11, and the DAX in Frankfurt gained 69.71 to 6,286.09 at 7:12 a.m. EST.

ZDII staff and Reuters contributed to this roundup.