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Rally for tech stocks .. hightech in highdemand ! look at the growth in semis at the bottom. Why is intel earning only 3.50 for next year?
with all this news below.
By David B. Wilkerson, CBS MarketWatch
Fri Dec 26 13:56:43 1997
NEW YORK (CBS.MW) -- Technology stocks rose Friday as two trade
associations said semiconductor equipment sales are on the rise, a forecast
that could bode well for many computer-related products.
The Philadelphia Semiconductor Index was better by 0.6 percent, the Amex
Networking Index 0.7 percent, the CBOE Software Index 1.1 percent.
The Goldman Sachs Computer Hardware Index rose 1 percent, the Amex
Computer Technology Index 1.2 percent.
The broader Pacific Stock Exchange Technology Index gained 0.7 percent.
The tech-laden Nasdaq Composite rose 12 points to 1511, while the Dow
Jones Industrial Average added 19 points to 7679.
IBM rose 2 9/16 to 101 11/16.
Microsoft rose 1 3/4 to 120 3/4, Cisco Systems added 1 5/8 to 53 1/4, and
Applied Materials, Intel, and 3Com were fractional gainers among the
most-actives.
READ THIS
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Semiconductor equipment sales amounted to $3.09 billion in October,
according to a study by the Semiconductor Equipment Association of Japan
and the Semiconductor Equipment Materials International.
The total was 73 percent higher than 1996 figures. The organizations said
North American sales rose 103 percent, Korean sales 86 percent, Japanese
sales 32 percent, and European sales 33 percent.
David B. Wilkerson in an online reporter for CBS MarketWatch |
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