8:45AM: The futures are pointing to another weak open. A sizable warning and a generally unfavorable conference call from EMS giant Flextronics (FLEX 12.32) appears to be spreading to other equities. FLEX is down 15%in the pre-mkt....Gap Inc (GPS 14.27) will be worth watching as it was added to Morgan Stanley's U.S. Model Portfolio....Nothing on the economic calendar today....Overnight, the dollar fell to a 16-month low vs the euro on weak corporate news in the US and increasing concerns over the transparency of accounting.... Current Indications: S&P futures vs fair value: --2.1. Nasdaq futures vs fair value: --9.5. Nas 100 PMI -8.57.