bob-3: gm, 111

Courtster: 1

trademee: 1111

Mr Snyder: 1

savers_50: 1

NEWS BOT: ... Aug 10, and growth prospects have not fundamentally changed since yesterday. Feedback from Cisco's larger distributor, TechData, is positive. The firm's retail checks indicated brisk back-to-school business for Linksys.

NEWS BOT: 08:01 ET Elec For Imaging guides below consensus (EFII) 20.60: ..

NEWS BOT: 08:02 ET S&P futures vs fair value: -3.0. Nasdaq futures vs fair value: -113.5. Cash market poised for a noticeably lower open following INTC's mid-quarter update last night in which the world's largest semiconductor company cut revenues, gross margin, and capex guidance... Apprehension ahead of the August employment report - due out at 8:30 ET - also has the futures market...

NEWS BOT: ... uneasy... The market will be looking for +150K in nonfarm payrolls.

NEWS BOT: 08:06 ET Payrolls provide the direction at 8:30 ET : the August employment report is released at 8:30 ET and will adjust market direction as it helps direct the Fed policy directive at the Sep 21 FOMC meeting. The market is looking for a 150K rise in payrolls -- 3 times the size of the average of the last two months and 5 times the size of the weak July 32K rise. The...

NEWS BOT: ... forecast range spans from 50K to 250K as actual payroll growth has been outside the forecast range a number of times this year. There is plenty of risk in today's report. We suspect that payroll growth shy of 100K will probably keep the Fed from tightening policy later this month -- the last FOMC meeting prior to the November elections.

NEWS BOT: 08:07 ET Dr. Reddy's: Novartis wins Lamisil Tablets patent infringement lawsuit against RDY (RDY) 16.03: Novartis announces that it has prevailed in its US patent infringement lawsuit with RDY regarding Novartis' widely prescribed oral antifungal agent Lamisil Tablets. RDY has withdrawn its challenge to a Lamisil patent held by Novartis, conceding that it is valid,...

NEWS BOT: ... enforceable and had been infringed by RDY.

NEWS BOT: 08:08 ET LabOne Inc. announces resignation of CFO John McCarty (LABS) 30.45: Co announces that John W. McCarty notified the co that he has decided to resign from his position of EVP and Chief Financial Officer, effective March 31, 2005. McCarty will spend time traveling abroad and pursuing other personal interests.

wannabtrader: MM: I can't write that fast

NEWS BOT: 08:11 ET Pfizer to resolve Quigley asbestos claims (PFE) 32.70: Co announces that it and its wholly owned subsidiary, Quigley Company, have taken steps which, with court approval, will resolve all pending and future claims against the co's in which claimants allege personal injury from exposure to Quigley products containing asbestos, silica, or mixed dust. Quigley was...

NEWS BOT: ... acquired by Pfizer in 1968 and sold small amounts of products containing asbestos until the early 1970s. Pfizer will take a charge of $369 mln before-tax ($229 mln after- tax) in the third quarter in connection with these matters.

NEWS BOT: 08:18 ET PMCS risk for warning increases after IDTI warning -- CIBC 9.33: CIBC notes that while IDTI's warning bodes poorly for the entire Comm IC universe, it particularly adds risk to PMC-Sierra (PMCS). IDTI's largest customer is Cisco at about 25% of sales. PMCS's largest customer is also Cisco, at more than 10% of sales. IDTI mentioned weakness in 3G...

NEWS BOT: ... infrastructure as one of three drivers of its shortfall. Much of PMCS's recent growth has come from the wireless infrastructure market. Firm says the the risk of a preannouncement this quarter has increased for PMCS.

NEWS BOT: 08:25 ET Treasuries await job report : Everything, and everything else, is pointing to a down day in the treasuries. The oil prices, the upcoming auctions, overbought technical signals, and, oh, the fact that the Federal Reserve will continue to raise rates...So, why are they higher? Aside from the fact that a good portion of Thursday's sell-off was position squaring,...

NEWS BOT: ... players are still having naughty thoughts about the jobs report. In other words, anything mildly positive will cause a sale of treasuries, likely overdone. The RNC speeches last night were all claiming, 'job creation,' although they claim they did not have early access to the reports. Euro Zone bonds were lower, also in preparation for the jobs report. The yen is stronger...