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From Briefing.com: 10:00AM : The market has sold off in the past 15 minutes as we head into the 10 ET economic releases...The Nasdaq is leading the market lower on weakness in semiconductors which are currently down -2.42%...Construction spending came in at 0.3%, well under the 0.7% consensus, while June ISM Manufacturing came in at 61.1, down slightly from May's figures of 62.8...Auto and truck sales are due throughout the day and can be seen in real time on our In Play page...NYSE Adv/Dec 1513/1090, Nasdaq Adv/Dec 1211/1182

8:31AM Amkor guides Q2 outlook to approx. $0.06 from $0.17-0.22 prior forecast (AMKR) 8.18: Company revises guidance, now sees Q2 EPS of $0.06, vs the Reuters Estimates consensus of $0.10 and prior guidance of $0.17-0.22, due to lower than anticipated gross margin growth of 19% (prior guidance called for 24% margin growth) from a "very unfavorable product mix"; sees revenues of approx $492.5 mln (based on 6% sequential growth) vs the Reuters consensus of $492.3 mln.

8:30AM Initial Claims 351K vs 343K consensus :

8:29AM Cabot Micro forms alliance with NanoProducts Corp (CCMP) 30.61: Co announced that it has entered into a strategic alliance with NanoProducts Corp, a privately-held technology leader in nanoscale particles and related nanotechnology products. As part of the alliance, CCMP and NanoProducts will collaborate to develop nanoscale powders and particles for use in fine finish polishing applications, including CMP slurries. In addition, CCMP has obtained a minority equity stake in NanoProducts for an investment of $3.75 mln.

8:07AM Novatel Wireless and Lucent announce agreements in Europe (NVTL) 26.50: Co and Lucent (LU) announce an agreement with Orange to supply Merlin U530 3G UMTS PC card modems to support Orange's 3G Mobile Office Card in the UK and France. Orange currently serves over 50 mln customers across the world, including more than 33 mln in France and the UK, combined... Co also announce they will supply TMN, the leading mobile operator in Portugal, with Merlin U530 UMTS PC card modems for the operator's UMTS network. With 5 mln mobile subscribers, TMN holds over 50% market share in Portugal.

7:10AM Nokia and STMicroelectronics introduce new camera-module standard for mobile devices (NOK) 14.54: Co and STMicroelectronics (STM) announce that they are releasing a comprehensive specification for camera modules, aimed at standardizing this increasingly important component in mobile devices. The specification, dubbed Standard Mobile Imaging Architecture, or SMIA, will cover all aspects of the modules. The SMIA specification is offered for free to the mobile imaging industry.

7:06AM Trident Microsystems guides Q4 below consensus (TRID) 11.37: Company issues downside guidance for Q4 (Jun), sees EPS of $0.02 ex items vs. Reuters Estimates consensus of $0.03 on revs of $12.6 mln vs the Reuters consensus of $13.45 mln.

7:00AM Biomet beats by a penny, guides; declares dividend & share repurchase (BMET) 44.44: Reports Q4 (May) earnings of $0.37 per share, $0.01 better than the Reuters Estimates consensus of $0.36; revenues rose 18.5% year/year to $447.2 mln vs the $431.2 mln consensus. Company issues guidance for Q1 (Aug), sees EPS of $0.34-0.35 vs. Reuters Estimates consensus of $0.36 on revs of $412.6-444.3 mln vs. the Reuters consensus of $4.28.2 mln. Company also announced that it has declared a cash dividend of $0.20 per share payable July 23, 2004. The Board also authorized the repurchase of 2.5 mln shares of BMET's outstanding Common Shares to be automatically purchased in equal increments over the next twelve months, irrespective of market conditions.

6:41AM Monster Worldwide employment index shows rise in online job demand in June (MNST) 25.72: Demand for workers and related online job recruitment activity across the United States increased in June, according to the Monster Employment Index, marking six consecutive months of growth in 2004. Industries with the greatest increase in Online Job availability include Finance & Insurance, Professional/Scientific & Technical Services, Agriculture, Construction, and Transportation.

6:35AM QLogic reaffirms Q1 guidance (QLGC) 26.59: Company issues in-line guidance for Q1 (Jun), reaffirms non-GAPP EPS of $0.34-0.37 vs. Reuters Estimates consensus of $0.36.

6:20AM Emulex guides below consensus (ELX) 14.31: Company issues downside guidance for Q4 (Jun), sees non-GAAP EPS of $0.18 vs. Reuters Estimates consensus of $0.25 on revs of $85-86 mln vs the Reuters consensus of $101.4 mln.

http://finance.yahoo.com/mp/q?tqnt