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by 3/12/2001 9:26 AM
Stocks quoted in this article:
Sony Corp. (SNE 70.65) has entered into a $400 million, five-year pact with Toshiba and IBM (IBM 99.29) to develop a new microprocessor. This new microprocessor will divide up complex or time-consuming tasks among many chips. The alliance is hoping to take advantage of Toshiba's and IBM's expertise in semiconductors and SNE's vision of how to utilize the new chip in consumer products. Toshiba and SNE have collaborated in the past developing and producing the processor used in SNE's Playstation 2.

On Friday, SNE fell below both its 10-day and 20-day moving averages, and is struggling to hold onto support at its 70 level.
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by 3/12/2001 9:24 AM
Stocks quoted in this article:
The PHLX Gold/Silver Index (XAU - 55.01) fell just over three percent in last Friday's trading. This marked a retracement of exactly half of last Thursday's gains. The index was able to finish just above the 55 level, which has been a key level of both support and resistance for the XAU over the past year. Secondary support resides below, at approximately 54, in the form of the index's 10-day moving average. The index will continue to face tough resistance overhead at its 20-month moving average. This trendline currently stands at about 57.50.
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by 3/12/2001 9:23 AM
Stocks quoted in this article:
Last Friday marked the second straight day of brisk option activity on the August 17-1/2 call of Williams Communications Group (WCG - 13.81). On Friday, this out-of-the-money option saw volume of over 3,000 contracts. Virtually all of the volume translated into new open interest. Nearly 9,400 contracts of open interest now reside on the option.

In last Thursday's trading, the August 17-1/2 call was also active. 2,500 contracts changed hands on that day, with the large majority of the volume translating into new open interest.

From a technical perspective, the shares were able to trade above their 20-day moving average for the first time in over a month last Friday. However, the stock was not able to close above this trendline.
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by 3/12/2001 9:21 AM
Stocks quoted in this article:
Mercury Interactive (MERQ - 38-5/16) has spent the past month crumbling under the weight of its overhead 10-day and 20-day moving averages. The stock has now retreated over 55 percent from its recent near-term high logged on February 15.

Some option speculators may have been betting on a rebound in MERQ during last Friday's trading. The July 60 call was active, as an even 6,000 contracts changed hands on the option last Friday. Open interest increased by just over 5,100 contracts in response to the day's option trading.
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by 3/12/2001 9:14 AM
Stocks quoted in this article:
Royal Dutch / Shell (RD 60.10) is plowing ahead today, despite Barrett Resources (BRR 62.52) rejection of their offer last week to acquire the company. RD has issued a tender offer to buy the shares for $55 per share, conditional on RD winning a majority of the shares. Shareholders have until April 6 to make their decision. BRR is currently looking for strategic alliances, but remains unclear if the natural gas and oil exploration and production company is committed to the sale. Since the offer was announced, BRR has risen more than 37 percent, breaking through previous resistance at the 60 level. <
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