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Technology Stocks : Intel Corporation (INTC) -- Ignore unavailable to you. Want to Upgrade?

To: Road Walker who wrote (142151)	8/22/2001 1:23:37 PM
From: The Duke of URL©	Read Replies (1) \| Respond to of 186894

John: More of the general market stuff: -------------------------------------------------------------------------------- Chip Stocks Pop After Trade Data Shows Rise in Orders August 22, 2001 12:08:59 (ET) NEW YORK (CBS.MW) -- Shares in the microchip sector rallied Wednesday following an industry report that showed growth for the third month in a row. The Philadelphia Semiconductor Index (SOX), which retreated in the previous session, rose 2 percent while the Goldman Sachs Hardware Index ($GHA) gained 0.2 percent. Orders for semiconductor equipment improved in July for the third month in a row, based on a three-month moving average, and a closely watched industry gauge of orders and shipments also improved, according to data from trade group Semiconductor Materials & Equipment International. UBS Warburg analyst Byron Walker said the report "should fuel bullishness in the sector," but he added a cautionary note: "The problem we have with the above data is, it doesn't seem to correlate with reported conditions from the industry." He said he remains negative on the sector, noting that he expects deterioration in September order levels. J.P. Morgan H&Q's Eric Chen said SEMI's bookings numbers supported indications of stabilization, but he thinks order rates will keep "bouncing along the bottom" until clear signals of demand for additional capacity emerges. Chen thinks that won't happen before the second-half of 2002. Until then, he expects capital equipment stocks to remain range bound. Intel (INTC, Trade), the world's No. 1 chip-maker, rose 48 cents to $27.55. Advanced Micro Devices (AMD, Trade), Intel's chief rival, lost 35 cents to $14.40. Motorola (MOT, Trade) rose for the second consecutive session. Shares advanced 83 cents to $17.43. Triquint Semiconductor (TQNT, Trade) rose 10 percent to $21.36 after holding a midquarter conference call with analysts late Tuesday. The company said it would hit its third-quarter targets. In the PC segment, computer makers traded mixed. Compaq (CPQ, Trade), Dell (DELL, Trade) and Apple (AAPL, Trade) rose while Gateway (GTW, Trade) moved modestly lower.