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One week after


(T) - Get AT&T Inc. Report

said it is splitting itself into

four separate businesses,



this morning said it is

creating a tracking stock for its consumer business. The consumer business will bring back the name used by the consumer group before it merged with WorldCom,


(MCI) - Get Barings Corporate Investors Report

, and will include consumer long-distance service. The company will distribute 100% of this MCI stake to shareholders.

Shareholders of WorldCom will get 1 share of MCI stock for every 25 shares of WorldCom. The stock recently was the most actively traded stock on electronic trading brokerage


and lately dropped $2.75, or 11.6%, to $21.


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TheStreet Recommends

(RMBS) - Get Rambus Inc. Report

was bouncing up $2.56 to $47.50, after sliding 15.9% in yesterday's action after online trade magazine

Electronic Buyers' News

reported that


(INTC) - Get Intel Corporation Report

would phase out its use of Rambus technology.

After yesterday's triple-digit gains in the

Dow and

Nasdaq, some of that optimism seemed to have scattered and futures were indicating a flat to negative opening. The

S&P 500 futures on


lately were down 6.50 to 1433.7, or about 5.5 points below fair value as calculated by

Prudential Securities


Nasdaq 100

futures were 22 lower to 3278, or about 31 points below fair value as calculated by


Europe's major indices were mixed at midsession, with France's


off 0.1%, Germany's

Xetra Dax

down 0.2% and the U.K.'s

FTSE 100

up 0.4%. Asian markets rallied. Japan's

Nikkei 225

jumped 2.3% overnight, while Hong Kong's

Hang Seng

rose 3.1% (see today's

Asian Markets Update for more).

Elsewhere in preopen trading, on



(XLNX) - Get Xilinx Inc. Report

was up down $4 to $68.44.

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

Senior editor Ellen Braitman chats with Christopher Edmonds, columnist for, exclusively on at 3 p.m. EST Wednesday, Nov. 1. Join them with your market and investment questions by logging on the home page.