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

To: Saturn V who wrote (176719)	1/29/2004 1:17:14 PM
From: Amy J	Respond to of 186894

Saturn & Thread, "The chip sector was back in the spotlight as investors mull contrasting earnings from STMicroelectronics (NYSE:STM - News) , Europe's largest chipmaker, and from Taiwan Semiconductor Manufacturing (NYSE:TSM - News) . U.S.-traded shares of STMicro were down 4.3 percent at $27.08 as gross margins came under pressure in the fourth quarter due to lower product prices and currency issues. But Taiwan Semi reported a more than fivefold increase in net profit for the period on booming demand for its made-to-order chips from cell-phone companies. Looking ahead, Taiwan Semi said it expects business to be "at least as good" in the first quarter. .... Keith Keenan, vice-president of institutional trading at Wall Street Access, said the change in the Federal Reserve's outlook on interest rates has wide implications: "The Fed's comments yesterday are still capable of trumping earnings because a lot of people have factored into their models very low interest rates all year long." He continued: "People thought the presidential election year would give reason to the Fed to be on hold for most of the year and now it appears yesterday's statement alters that view somewhat." ------ biz.yahoo.com Regards, Amy J