Preopen Trading: Tech Shares Still Under Pressure - TheStreet

Chevron's

( CHV) successful bid for

Texaco

(TX) - Get Report

attracted the most attention in preopen trading on

Instinet

.

Texaco was lately up $1.62 from Friday's close to $56.75, while Chevron was down $2.25 to $82.

TheStreet.com

wrote about

the deal in an earlier story.

Preopen trading on

Island

was quiet, with

eBay

(EBAY) - Get Report

, which was down 25 cents to $55.88 on 2,000 shares, and

BEA Systems

( BEAS), up 75 cents to $78 on 1,000, its two most popular stocks.

Nasdaq 100

futures on

Globex

indicate a negative opening. They lately were up 10 to 3285, about 30 points below fair value as calculated by

TheStreet.com

.

S&P 500 futures were looking flat, up 2.3 to 1387 and matching fair value as calculated by

Prudential Securities

.

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

CAC-40

up 0.2%, Germany's

Xetra Dax

off 0.6% and the U.K.'s

FTSE 100

up 0.6%. Japan's

Nikkei 225

jumped 1.2%, while Hong Kong's

Hang Seng

rose 2% (see today's

Asian Markets Update for more).

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