Mixed Open As Investors Monitor European Debt Crisis

The markets opened mixed with the Dow rising 47 points to 11,818 while Nasdaq slipped 3 points to 2584 as investors continued to monitor the European debt crisis.

On the upside

Second quarter earnings slipped for Blue Coat Systems (Nasdaq: BCSI) but the results surpassed analyst expectations and the Internet security products company forecast current quarter results ahead of estimates.  

Focus Media (Nasdaq: FMCN) reported lower third quarter earnings but the results beat expectations. 

Marvell Technology (Nasdaq: MRVL) reported lower third quarter earnings due to charges but the results topped analyst estimates.

On the downside

Salesforce.com (NYSE: CRM) swung to a third quarter loss as expenses climbed and the company warned that fourth quarter results may miss expectations.

Och-Ziff Capital Management (NYSE: OZM) priced its public offering of more than 33 million Class A shares at the discounted price of $7.50 per share. 

Exco Resources (NYSE: XCO) announced a drop in capital spending for next year.

In the broad market, advancing issues outpaced decliners by a margin of 7 to 5 on the NYSE and by nearly 10 to 9 on Nasdaq. The Russell 2000 which tracks small cap stocks edged up a fraction to 719.