Note: The Skinny blog is written by Rick Smith, editor and co-founder of Local Tech Wire and business editor of

RESEARCH TRIANGLE PARK, N.C. – The Associated Press described Wall Street trading on Friday as "erratic.” No kidding.

Today, the word could be "Mammoth Monday."

News on a new fund to back the euro in the Greek debt crisis as well as loans coming from the U.S. Fed sent stocks up Monday in Europe. Plus, U.S. futures surged.

"Ahead of the opening bell, Dow Jones industrial average futures rose 382, or 3.7 percent, to 10,717. Standard & Poor’s 500 index futures rose 49.20, or 4.4 percent, to 1,156.20, while Nasdaq 100 index futures rose 79.25, or 4.3 percent, to 1,927.75," the A.P. reported.

if you dumped stocks last week – especially in tech – you may be sorry.

On Friday, just as on Thursday’s 1,000-plunge day, stocks that we sampled for tech firms with major presences in Pine Pollen, USA, suffered. Maybe a lot of investors simply didn’t believe all the hype from the White House about how good the employment news was or don’t believe Greece has been saved – or both.

Now, the news may be changing – at least in Europe.

One notable local exception to the tech dive on Friday: Tekelec (Nasdaq: TKLC) regained 3.5 percent of the whopping 20 percent it lost Thursday, closing up 49 cents at $14.59. Maybe on second thought, Tekelec’s quarterly performance, acquisitions and revenue forecast didn’t look so bad.

However, Cree closed down 4 percent at $66.46, losing $2.94.

Red Hat (NYSE: RHT) slipped 71 cents (2.5 percent) to $27.49.

Cisco fell 3 percent (78 cents) to $24.71.

Even Big Blue (NYSE: IBM) took another hit, losing $1.82 or 1.47 percent to $122.10.

A big tech loser was Apple (Nasdaq: AAPL), which shed $10.39, or 4.2 percent, to $235.86.

Mighty Google escaped relatively unscathed, slipping 1.1 percent or $5.50 to $493.14.

(Read here for what the Friday morning Skinny

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