Preopen Trading: After a Dismal Week, Tech Looking to Bounce Back

Tech was the talk this morning in early preopen trading.

Lately on electronic brokerage

Instinet

, big-caps were working on recovering some of what they lost last week.

Cisco Systems

(CSCO) - Get Report

was up 25 cents to $28.44, software giant

Microsoft

(MSFT) - Get Report

was gaining 88 cents to $60 and

Intel

(INTC) - Get Report

was 25 cents higher to $33.75.

WorldCom

(WCOM)

, though, hadn't recently hit its recovery point yet and was continuing to slide. The long distance company reported earnings last week

in line with estimates but far lower than year-ago estimates. The stock was off $1.31, or 6.5%, to $19.

Early on, futures were pointing to a positive opening at the bell. The

S&P 500 futures on

Globex

lately were up 3 to 1324, about 5 points above fair value as calculated by

Prudential Securities

. The thinly traded

Nasdaq 100

futures were up 14 to 2291, or almost 20 points above fair value as calculated by

TheStreet.com

.

Europe's major indices were slightly higher, with France's

CAC 40

up 0.3%, Germany's

Xetra Dax

up 0.6% and the U.K.'s

FTSE 100

0.6% higher. Hong Kong's

Hang Seng

slipped 1.1%. Japan's

Nikkei 225

was closed for a holiday.

For more on the world stock markets, check out

TheStreet.com's

global indices information

For Friday's postclose trading, see The Night Watch.