In early trading the FTSE 100 rose 53.8 points to 5814 as Misys gained 46p to 510p on news this m...
In early trading the FTSE 100 rose 53.8 points to 5814 as Misys gained 46p to 510p on news this morning that it will meet its year-end earning expectations.
ARM climbed 30p to 338, Marconi rose 23p to 343, Energis lifted 14p to 295p and Cable & Wireless gained 19.5p to 518p.
Footsie stocks also benefitted from market gains in the US yesterday. The Nasdaq added 13.65 points to 1923.22 and the Dow Jones rose 58.17 to 10,216.73 while the Standard & Poor's 500 advanced 12.13 to 1191.81.
Tech stocks favoured well by yesterday's US close. Intel gained $3.19 to 29.23 after the microchip manufacturer reported earnings per share of 16 cents higher than analyst expectations. Texas Instruments rose $1.90 to 35.90 after reporting an EPS figure of 18 cents.
Johnson & Johnson lifted the drug making sector on news that first quarter profit rose $1.06 surpassing expectations to climb $1.85 to 94.45. Rival drug groups subsequently rose including Pfizer up $1.51 to 42.41, Merck $1.75 to 80.85 and Pharmacia $1.63 to 52.08.
Last week's announcement that it is to sack 8,500 workers and in so doing incur a $3.7bn charge this quarter did Cisco's share value no favours yesterday. It lost 54 cents to $16.66. Lucent subsequently fell 25 cents to $7.15 and Nortel lost 6 cents to $15.19.
Asia's leading markets today followed the US markets higher in trading today. Japan's Nikkei 225 rose 536.61 points to 13,603.70 and Hong Kong's Hang Seng increased 298.63 to 12,905 by close of business. In Tokyo NEC gained 4.9% to 2045 and Toshiba rose 5% to 784 yen. China Mobile rose 5.9% to HK$36.20 and Unicom climbing 7.4% to HK$10.20.
Australia's ASX200 rose 0.7% to 3281.10 with News Corp up 1.8% to A$16.89 and Singapore Strait Times gaining 17.77 to 1584.50 with Chartered Semiconductor adding 8.1% to S$4.26.
Tech stock concerns
DB and a lack of alignment
Encouraging better use of tech
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