Skip to main content
Image placeholder title

As expected after those nasty postclose warnings from PC maker



and chipmaker


(ALTR) - Get Altair Engineering Inc. Class A Report


Nasdaq 100

futures were tanking this morning and indicating a really ugly opening. They lately were down 59.5 points on


, or about 140 points below fair value as calculated by


S&P 500 futures were looking a little better, but were still down 12.2, or about 22 points below fair value as calculated by

Prudential Securities

TheStreet Recommends


Gateway, which said last night it would

badly miss fourth-quarter estimates, lately dropped 37.1%, or $11.50, to $19.50 on electronic brokerage


. Altera, which also had

no good news, lately was spared some of the preopen bloodletting. In after-hours trading Wednesday, the stock was trading as low as $19.25 to $25.94.


(INTC) - Get Intel Corporation Report

was the most actively traded stock this morning. The chipmaking giant lately was down 10.1%, or $4.31, to $38.44.

Europe's major indices were falling in reaction to (what else?) the aforementioned warnings, with France's


dropping 2.2%, Germany's

Xetra Dax

1.9% lower and the U.K.'s

FTSE 100

down 1.3%. Japan's

Nikkei 225

rose 1% overnight with help from


, which said it was buying a 16% stake in

AT&T Wireless


for $9.8 million. Hong Kong's

Hang Seng

slipped 1.3%.

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