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Stock futures mixed

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Stock futures are looking mixed after the three-day weekend with S&P futures down 1 point, NASDAQ futures are lower by 19 and Dow futures are up 12 points. Fair value for the S&P 500 for today is $2.32. That price will not change during the day. Computers are set for program buying at $3.78 and set for selling at $0.86.

Reports say Alcatel to bid for Lucent

The Wall Street Journal is saying that Lucent (NYSE:LU) and Alcatel (NYSE:ALA) boards could meet as early as today to discuss if not announce a deal to merge for about $23.5 billion. Shares of ALA finished Friday's trading session at $28.11 while shares of LU finished at $9.40. If a deal were struck between the two, reports currently indicated that there would be no premium paid to LU shareholders and the offer would be about 0.2435 Alcatel shares for each Lucent share.

Jeff Bailey
Senior Market Technician

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