LONDON -- Given that the

Dow

had a good run Friday after the release of the monthly U.S.

employment report, you would think that U.K. stocks, especially with an ADR, would see some follow-through support the following Monday morning. Unfortunately, so far this Monday, that hasn't been the case. The

FTSE 100

was off 16.7 points to 6480.8 and the

Techmark

index of leading technology shares index was up 1.5 points to 3447.5.

The telecom sector attracted a modicum of interest after confirmation from

British Telecom

(BTY)

that it is considering a radical break-up plan, including the possible float of

Concert

, its joint venture with

AT&T

(T) - Get Report

. BT shares rose 5p to 922 ($13.95).

Marconi

rose 17p to 977 and

Colt Telecom

(COLT)

moved up 30p to

23.30, but

Vodafone AirTouch

(VOD) - Get Report

slipped 5p to 315.

Telewest

(TWSTY)

added 5p to 239 after word that

Microsoft

(MSFT) - Get Report

, the U.S. software giant, bowed to pressure from the

European Commission

and said it will give up plans to have joint control of the U.K. cable operator.

Credit Lyonnais

suggested buying banks and selling oils early Monday. Whether investors were taking much notice of this advice is open to question, because both sectors made selective progress.

Barclays

(BCS) - Get Report

rose 10p to

15 and

Lloyds TSB

(LLDTY)

was 2p dearer at 612, while

HSBC

(HBC)

gained 12.5p to 761.

Standard Chartered

was up 10p to 865.

In oils,

BP Amoco

(BPA)

was a fraction better at 617.5 and

Shell

(SC) - Get Report

improved 1.5p to 564.5.

Elsewhere,

Eidos

(EIDSY)

advanced 20p to 515 as French software group

Infogrames

continues to move ahead with plans to buy the company that features cyber-heroine Lara Croft in its

Tomb Raider

series of computer games.

Europe's other major stock markets were mixed early Monday, with the

Xetra Dax

in Frankfurt up 13.91 to 7066.13 and the

CAC 40

in Paris 16.01 lower to 6549.96. The

Neuer Markt's

tech-heavy

Nemax 50

index was down 4.9 to 6125.8.

Blue-chip German tech shares were posting modest gains, with software maker

SAP

(SAP) - Get Report

up 4.01 euros to 199.90 ($189.38),

Epcos

(EPC) - Get Report

1.31 euro higher at 109.81 and

Siemens

(SMAWY)

up 2.00 euros to 164.50.

Major European telcos were mixed, as

Deutsche Telekom

(DT) - Get Report

was up 1.40 euros to 62.21, but

Telefonica

(TEF) - Get Report

was down 0.17 euro to 24.51 and

France Telecom

(FTE)

was off 0.50 euro to 150.50.

Elsewhere in Paris,

Vivendi

was just holding on to early gains, up 0.05 euro to 90.10,

Total Fina Elf

(TOT) - Get Report

was 0.90 euro higher to 161.40 and

Alcatel

(ALA)

was up 0.65 euro to 75.05.