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STOCKS ARE MIXED IN AFTERNOON TRADING

Stocks were mixed again today, as Priceline.com became the latest company to warn that quarterly results will disappoint investors.

At 1 p.m., the Dow Jones industrial average advanced 27.37 to 10,658.69. It fell 176 points Tuesday.

The Standard & Poor's 500 index gained 5.89 to 1,433.10 and the tech-focused Nasdaq composite index rose 25.12 to 3,714.22.

Priceline plunged 43 percent after the Internet bidding service said third-quarter revenue will miss its previous estimate because of a "shortfall' of airline ticket sales. Eastman Kodak fell, giving the world's biggest photography company a two-day loss of 32 percent since it warned of disappointing profit.

"Yesterday it was Kodak, today it's Priceline and I'm sure it'll be somebody else tomorrow," said Todd Clark, head of listed trading at WR Hambrecht & Co. in San Francisco. "Until we can get out from under this black cloud of earnings pre-announcements, the market" isn't going to go steadily higher.

Intel rose $1.63 to $44.94, as the chipmaker struggled to rebound from a slump that began Friday when it warned of disappointing profits.

Sun Microsystems also rallied, rising $3.06 to $120.56 after ending Tuesday down.

But financial and consumer product stocks had a tougher time as investors sought profits and moved money out of blue chips into technology issues.

Citigroup fell $1.13 to $52.38. Procter & Gamble tumbled $1.13 to $60.63.

Corning announced it was buying part of the fiber optic operations of Pirelli, an Italian company. The announcement sent Corning down $8.75 to $316.25.

A stronger-than-expected earnings report helped push 3Com up $3.25 to $17.44 on the Nasdaq. The computer networking company posted a first quarter loss of $59.2 million Tuesday but fared better than Wall Street had predicted.

"We're seeing a little bit of a rebound from yesterday, as far as the Nasdaq is concerned, and some pressure on blue chips," said Dick Dickson, a technical analyst at Scott & Stringfellow Inc. "It's just a continuation of what we've had over the last three weeks. The market gets sold off, stocks get a little bit of a bounce up and then we sell off again.

"There's nothing particularly exciting going on today. It's really just a little bit here and a little bit there."

Advancing issues outnumbered decliners by a 4-to-3 margin on the New York Stock Exchange, where volume came to 523.26 million shares, well ahead of the 482.63 million in the previous session.

The Russell 2000 index was up 2.20 at 512.09.

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