London investors are reacting nervously to losses in Wall Street overnight.
The Footsie index of 100 leading stocks is off 5.4 points after an hour's trading to stand at 5004.4, with technology and telecoms stocks coming under pressure.
One-time stock market darling Baltimore Technologies, whose share price has fallen by 98 per cent in the past year, is up 2p to 16p after appointing a new chief executive.
Motorola depressed US investors with its third quarterly loss in a row, and this has had a knock-on effect on this side of the Atlantic - with Vodafone slipping 1¼p to 158¼p.
Other high-tech firms on the slide include computer services group Logica, down 34½p to 701½p; chip designer Arm Holdings, off 5p to 285p; and Electrocomponents off 6¾p at 416¼p.
The picture is reflected in the Footsie 150 index, with Energis down 4p to 66p; Colt Telecom off 2½p to 97½p; and Dimension Data off 2¾p to 77¾p.
Back in the Footsie 100, gas pipeline group Lattice is ahead 5p at 150p; while Scottish & Southern Energy is up 9p to 641p.
Shares in advertising and public relations firm Incepta are down 5% or 1½p to 26½p after warning its second-half performance will be affected by the US terror attacks.
AP