Yes, too bad about MU. Only $SOX stock to be down today:
cbs.marketwatch.com
Ruined this perfectly story:
Chip, hardware shares get healthy rise
CBS MarketWatch - Last Update: 2:17 PM ET Apr 21, 1999
Investors react to passel of profit news; await IBM release
NEW YORK (CBS.MW) -- Hardware and chip stocks bolted higher
Wednesday as the market casts its vote on Compaq earnings, gets
ready for IBM's results and appeared to agree with semiconductor
booking figures.
Every semiconductor stock in the the Philadelphia
Semiconductor Index, which tracks 16 chip and chip-equipment
makers, was up Wednesday afternoon as the index rose 6.9 percent,
seemingly on news from the Semiconductor Equipment and Materials
International. The trade association reported that North
American-based semiconductor equipment manufacturers saw a
14 percent increase in worldwide bookings for March 1999 to
$1.15 billion vs. $1.01 billion in February. See press release.
The March 1998 level was $1.1 billion.
LSI Logic (LSI: news, msgs) shares added 1 5/8 to 37 3/8 in
recent trading after the company said it earned 8 cents a share in
the first quarter, beating the First Call consensus estimate by 3
cents. See press release and Silicon Stocks. Mark Edelstone, an
analyst at Morgan Stanley, reiterated his "strong buy" rating on
the company.
cbs.marketwatch.com
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