James with CSCO (NWX) it would be SOX and DOT that should provide some real push to this market, keep watching 760 on SOX we break that 890 will be on us in no time.. with news like this I will not AT all be surprised so is DOT potential from here.. <<Intel Corp. (NasdaqNM:INTC - news), the world's No. 1 chip maker, offered solace to jittery investors, forecasting a rise in 2001 sales and saying the fourth quarter remains on track after a less-than-stellar third quarter, when it issued a sales warning. Intel, a Dow component and Nasdaq heavyweight, gained $2-9/16 to $47-7/16.
The battered chip sector, plagued by fears that growth had hit its peak, received additional welcome news. Global semiconductor sales are expected to rise 37 percent this year to $205 billion -- the highest ever -- and could reach $319 billion by 2003, according to the Semiconductor Industry Association trade group.
In addition, specialty semiconductor maker Xilinx Inc. (NasdaqNM:XLNX - news) said distributors' sales of its chips rose at a double-digit rate in October compared with the first month of the second quarter. The closely watched chip maker said it remains on track for sequential sales growth of at least 12 percent for its fiscal third quarter.
Xilinx' stock rose $2-3/4 to $70-3/16. The Philadelphia Stock Exchange semiconductor index (.SOXX) jumped 4.27 percent> |
