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Stock futures bouncing in pre-market

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Stock futures have been rather mixed this morning and haven't been able to develop any type of consistency before today's open of trading. S&P futures have been up, then they've been down and right now they've struggled back to unchanged at 1,153. NASDAQ futures have been in positive territory all morning and currently are trading higher by 12 points at 1,591. Dow futures are in the red and showing a decline of 12 points at 9,970.

America Online says membership surpasses 32 million

AOL Time Warner's (NYSE:AOL) internet arm, said worldwide membership surpassed the 32 million level last week. AOL's stock finished Friday's session at $36.76.

Taiwan Semiconductor sees "substantial increase"

Taiwan Semiconductor (NYSE:TSM) says a recent "substantial increase" in customer orders for custom-made chips has the company raising its 2001 sales and pre-tax profit forecasts. Taiwan Semiconductor (NYSE:TSM) is the world's largest chip foundry.

Companies such as Philips (NYSE:PHG) and Motorola (NYSE:MOT) outsource production to TSM in order to boost capacity. TSM also makes entire integrated-circuit product lines for fabless chip companies such as NVIDIA (NASDAQ:NVDA) and Broadcom (NASDAQ:BRCM).

Jeff Bailey
Senior Market Technician
Option Investor

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