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Technology Stocks : Axcelis Technologies, Inc. (ACLS) -- Ignore unavailable to you. Want to Upgrade?

To: Big Dog who wrote (37)	7/25/2000 10:41:33 PM
From: Big Dog	Respond to of 195

Smart gains for Nasdaq Market Snapshot NEW YORK (CBS.MW) - Technology stocks were back in favor Tuesday, helping the Nasdaq score smart gains after sputtering during the past couple of trading sessions. Crucial to the recovery was buying interest in chip stocks, a sector that had been shunned by investors over the past five days. A solid showing in some of the big-cap tech names, such as Sun Microsystems -- which reached a fresh 52-week high -- Cisco Systems, Motorola and Intel, helped the Nasdaq 100 outpace the Nasdaq by a wide margin throughout the session. "We're witnessing a big-cap, blue-chip kind of rally Tuesday," remarked Peter Cardillo, chief strategist at Westfalia Investments. "We're seeing a bit of rotation in the market. Chip stocks got oversold and we're now seeing some interest in the group," observed Chris Wolfe, equity strategist at J.P. Morgan. "People are hunting for value in different sectors." Inside the tech group, chip stocks paced the advance in the tech sector. Computer hardware and Internet issues also climbed. ... ... Sector movers Chips stocks managed to interrupt a five-day losing streak, with the Philadelphia Semiconductor Index ($SOX: news, msgs) up 2.7 percent Tuesday. Texas Instruments was among the upside movers, changing hands at 67, up 4 from its NYSE close. The company (TXN: news, msgs) registered after the close Monday second-quarter earnings of 31 cents share, beating the First Call estimate by a penny. See full story. Looking forward, Texas Instruments said it expects sequential revenue growth in its semiconductor business to accelerate in the third quarter -- despite seasonal pressure -- thanks to broad customer demand and strength in key markets such as wireless, catalog and broadband communications. ragingbull.altavista.com