Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Politics : Formerly About Applied Materials -- Ignore unavailable to you. Want to Upgrade?

To: Tony Viola who wrote (32477)	9/14/1999 7:25:00 PM
From: William Griffin	Respond to of 70976

"new momentum stocks" are, yes, you guessed it, semi's. Let's have a hand for the stair case workers.Remember our motto; "We are nothing without them". Besides, will need funds to rebuild my SC beach house after hurricane Floyd. NEW YORK (Dow Jones)--Semiconductor stocks surged Tuesday even as many other stocks declined, continuing a wild month for chip companies. Good news has been coming out of the sector for weeks as prices for commodity-like memory chips rose and the computer market entered its busiest season. Only last week, National Semiconductor Corp. (NSM) surprised investors by reporting an unexpected fiscal first-quarter profit. Shares of Micron Technology Inc. (MU), the last of the big U.S. manufacturers of dynamic random access memory chips, or DRAMs, soared 7 1/8, or 9.4%, to 82 7/8 Tuesday. That helped take the Philadelphia Semiconductor Sector Index, or SOX, as high as 575.66, past the previous all-time record of 573.76. Prices for DRAMs, the most high-volume semiconductors found in a PC, continue to rise. The spot price of a 64-meagabit DRAM chip rose to $14.50 Monday, said Brown Brothers Harriman & Co. analyst Bill Milton. That compares with about $11 a week ago and $7.30 in mid-August. "This is the strongest period seasonally for demand," Milton said. But he said the memory chip market is more fragmented now as more 128-megabit DRAMs are produced. Intel Corp. (INTC) was the most heavily-traded stock on Nasdaq, gaining 1 1/8, or 1.3%, to 85 1/8 on volume of 15.6 million shares. That's still below average daily turnover of 23 million. Shares of Maxim Integrated Products Inc. (MXIM) rose 3 15/16, or 5.6%, to 73 13/16. Analog Devices Inc. (ADI) gained 4 5/16, or 8%, to 58 5/16. Linear Technology Corp. (LLTC) rose 4 1/8, or 6.5%, to 67 11/16. Broadcom Corp. (BRCM) added 6 3/16,, or 5.7%, to 115 1/2. And Texas Instruments Inc. (TXN) rose 3 7/8, or 4.4%, to 92 7/8. Chip equipment makers were up, too. Applied Materials Inc. (AMAT) rose 5 13/16, or 7.7%, to 81 7/8. And Novellus Systems Inc. (NVLS) rose 5, or 8.1%, to 65 15/16. The SOX was recently up 26.53 at 572.64. The Nasdaq Composite Index rose 22 to 2867, but the Dow Jones Industrial Average fell 94 to 10936. "In a shaky market, there's a move to find new momentum stocks," Milton said, referring to chip shares.