It's a Monday and a holiday, so preopen trading is looking rather sluggish this morning.

On

Instinet

,

Electronic Data Systems

(EDS)

was up to $46.50 from Friday's closing price of $40.63 on

news that the company won a

Navy

and

Marine Corps

computer services contract worth as much as $9 billion.

Also,

DaimlerChrysler

(DCX)

was up $1.10 to $45 and

3Com

(COMS)

was about 7 cents higher to $19.88.

Razorfish

(RAZF)

, which

fell hard on an earnings warning last week, was lately offered at $5.16. The offer marks a move up about 16 cents from its Friday closing price.

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Meanwhile, the

S&P 500 futures on

Globex

lately were down 1.9 to 1424.9, about matching fair value as calculated by

Prudential Securities

.

Nasdaq 100

futures were up 8 to 3365.5, or about 12 points above fair value as calculated by

TheStreet.com

.

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

CAC-40

off 1.5%, Germany's

Xetra Dax

down 1.1% and the U.K.'s

FTSE 100

1.3% lower. Japan's

Nikkei 225

was closed for a holiday, but Hong Kong's

Hang Seng

fell 3% (see today's

Asian Markets Update for more).

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