LONDON -- European markets had a distinctly better feel to them Tuesday morning, with bombed-out technology, media and telecom stocks staging a slight comeback.


FTSE 100

by midmorning stood 33.0 points higher, at 6,068.5, after being 93 points up at best. The


rallied 47.2 points to 2,974.4. Since hitting a record 5,743.3 on March 6, the technology index has been shelled by a 49% drop.

Vodafone AirTouch

(VOD) - Get Report

led the telecom sector higher, with the shares rallying 12p to 254.5 ($3.77).

British Telecom


moved up 24p to 882, and

Colt Telecom


gained 50p to


Leading the revival in the techs was

Baltimore Technologies


, which jumped 38p to 406.


rose 26p to 510,

BATM Advanced Communications

advanced 250p to

32.50 and

Bookham Technology


moved up 125p to


Among media stocks,


posted pretax profits of

254 million, beating market estimates, and the shares responded with a gain of 7.5p to 576.



improved 30p to

10.10 and


rose 51p to


Tradepoint Financial Networks

edged forward 0.5p to 151.5 on news that the company has entered an exclusive agreement with the Swiss stock exchange to set up a trading platform for European equities.

Most of Europe's other stock markets were in positive territory early Tuesday, as they rebounded from Monday's late selloff. The

Xetra Dax

in Frankfurt was up 60.64 at 6,973.60 and the

CAC 40

in Paris was 78.37 higher at 6,172.54. The Neuer Markt's

Nemax 50

index was up 167.66 at 6,181.95.

In Frankfurt, big techs were some of the biggest gainers, as



rose 4.35 euros to 146.45 ($132.18),


(EPC) - Get Report

was up 3.45 euros at 130.20, and software maker


(SAP) - Get Report

climbed 19.40 euros to 554.00.

German financial stocks were mixed, with

Deutsche Bank


up 1.06 euros at 81.56 and

Dresdner Bank


up 0.29 euros at 42.27, while



was down 0.02 euros at 38.87 and insurer


fell 19.00 euros to 383.50.

Deutsche Telekom

(DT) - Get Report

rose 2.63 euros to 58.78 and


(TEF) - Get Report

was up 0.58 euros at 21.14.

France Telecom


climbed 5.30 euros to 137.80, after announcing it would sell back a 1.8% stake of DT to Germany's development bank.