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Up and at 'em!

Oh, it's a beautiful day -- just look at futures. Yes, they are actually indicating we could have a positive opening.

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S&P 500 futures on the


lately were up 7 points to 1259, about 11 points above fair value as calculated by

Prudential Securities

. The thinly traded

Nasdaq 100

futures were up 38 to 2095, or about 33 points above fair value as calculated by


Texas Instruments


is falling 2.2% in preopen trading after it warned that its first quarter will be worse than expected.

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, which tumbled last week after it warned that its 2001 sales could fall below forecasts, this morning was in recovery mode on


, up 75 cents to $45.75.

The badly beaten mobile phone makers, which fell steadily last week on fears of earnings warnings, were lately making gains and helping to lift Europe's major indices. France's


was rising 1.7%, Germany's

Xetra Dax

was jumping 2.1% and the U.K.'s

FTSE 100

was inching 0.2% higher. Japan's

Nikkei 225

lost 0.3% overnight, while Hong Kong's

Hang Seng

slipped 0.3%.

For more on the world stock markets, check out's

global indices information.

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