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Technology Stocks : Mattson Technology -- Ignore unavailable to you. Want to Upgrade?

To: James Calladine who wrote (2434)	1/14/2000 4:38:00 PM
From: Q.	Respond to of 3661

MTSN has almost caught up with GSNX share price: 24 5/8 vs. 25 1/4. Both moved up strongly with the sector, but MTSN moved more. Hardware Stocks Intel's surge ignites hardware shares By Janet Haney, CBS MarketWatch Last Update: 1:41 PM ET Jan 14, 2000 Silicon Stocks Join the Discussion NEW YORK (CBS.MW) -- A 12 percent spike by Intel shares to a corporate record high following its upbeat earnings report lifted some chip issues to record levels Friday while Compaq Computer's stock won investor plaudits after a rating upgrade. The Goldman Sachs Computer Hardware Index ($GHA: news, msgs) rose 3.3 percent. The Philadelphia Semiconductor Index ($SOX: news, msgs), a key barometer of chip and chip-equipment manufacturers' stock movement, climbed 6.5 percent to 797.80, a new all-time high. Intel shares also rose to a corporate record high after the chip-industry powerhouse surprised Wall Street Thursday, sailing past fourth-quarter earnings expectations amid strong demand for its products. After surging to a corporate record-high of 104 3/8 in early trading, the stock was recently hovering at record levels, up 11 5/8 to 102 11/16. The company, though, offered cautious comments about its current first quarter. After the market closed on Thursday, Intel (INTC: news, msgs) said it earned $2.4 billion, or 69 cents a share, excluding a one-time, acquisition-related $59 million charge. In the year-ago quarter, the company made $2.1 billion, or 60 cents a share, adjusted for a stock split. See full story. The consensus analyst estimate, compiled by First Call, called for the semiconductor leader to post a profit of 63 cents. Sales for the period hit $8.2 billion, up 8 percent from the year-earlier number of $7.6 billion. Join the Intel discussion. "Notably, these results were achieved as we extended our position as the key building block supplier to the worldwide Internet economy," said Craig Barrett, president and chief executive officer. "We are also pleased that our 0.18-micron manufacturing process was our fastest ramping process ever." Chip equipment stocks surge Intel's strength bounded into chip equipment stocks. The company said it would spend $5 billion in 2000 on capital equipment, as part of Intel's ramp to 0.13 micron technology. "The big catalyst [for these stocks] was Intel saying that their capital spending plans for 2000 are up 50 percent over '99," said Tim Summers, senior director at Advest Inc. "That's about 90 percent of it." cbs.marketwatch.com