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Technology Stocks : Intel Corporation (INTC)
INTC 36.85+1.6%3:59 PM EST

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To: Tony Viola who wrote (59420)7/7/1998 8:35:00 PM
From: Ibexx  Read Replies (2) of 186894
 
Tony and thread,

Below are excerpts from today's Closing Market Commentary by Prudential's Larry Wachtel:

"The only major statement today came from Alcoa, which exceeded projections and was rewarded with a fractional gain. Motorola was strong, as investors looked ahead to results to come after the close. Semiconductor stocks flurried in the final hour after one technology house said the programmable logic chip makers will hit their quarters. This helped Altera to a 4 point gain, Xilinx to a 3 point gain and Lattice to a 2 point advance.

Ibexx

PS: The "technology house" being referred to is H&Q (analyst Rob Chaplinsky).
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