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Technology Stocks : Applied Materials No-Politics Thread (AMAT) -- Ignore unavailable to you. Want to Upgrade?

To: FJB who wrote (23572)	10/6/2008 3:23:34 PM
From: willcousa	Read Replies (1) \| Respond to of 25522

The problem with most of these kinds of programs is that they only exist for the tax benefits and once the tax benefits are no longer the projects die. Time will tell on this one.

To: FJB who wrote (23572)	10/6/2008 7:31:37 PM
From: Proud_Infidel	Read Replies (1) \| Respond to of 25522

Tech no safe haven for panicky investors Bolaji Ojo EE Times (10/06/2008 1:22 PM EDT) There are no safe havens on Wall Street, not even in technology stocks. Shares in technology companies swooned on Monday (Oct. 6) as investors continued to fret over the direction of the global economy and on continuing fears government efforts to curb problems in the banking industry might prove insufficient. The major stocks indices tumbled at the opening worldwide and in New York, the Dow Jones Industrial Average fell more than 550 points, driven lower as investors pulled out money from the equity market and into safer government treasuries. Tech stocks were particularly vulnerable following reports consumers were tamping down on spending, a development that is likely to hurt suppliers of personal computers, digital music players, mobile phones and other electronic gadgets, including TVs. The tech-laden Nasdaq Composite Index fell 6 percent and traded at its lowest level in more than two years. The index fell during the day to a low of 1810.63, down 37 percent in just the last year. Semiconductor stocks tested new lows across the board, with the Philadelphia Semiconductor Index (SOX) diving to an intraday-day trading low of 265.92, its lowest level in 12 months, compared with a 52-week high of 501.63. The index has now fallen almost 47 percent in just the last year. Among the major losers on the SOX were Advanced Micro Devices Inc., which fell more than 8 percent on Monday although it has managed to stay ahead of its 52-week low. The stock fell to $4.04 in early trading but pushed back to $4.14 by midday. AMD rival Intel Corp. dropped more than 3 percent and was trading around $16.74 around noon. Shares in Intel fell during trading to a new 52-week low of $16.61, down 41 percent from the 12-month high of $27.99. Other semiconductor stocks hurt during the bloodbath on Wall Street included Nvidia, down 13 percent, Altera, down 5 percent, Conexant, down 9.6 percent and Atmel, which tumbled 5.6 percent. Microchip Technology Inc., which has offered to purchase Atmel in a joint deal with ON Semiconductor Corp. for about $2.3 billion, fell 4 percent while STMicroelectronics N.V., sank more than 11 percent to a new 52-week high $8.99. The Geneva, Switzerland-based company traded as high as $17.36 in the last 12 months. OEMs were in equally poor shape. Apple Inc. fell 9 percent in heavy trading while Motorola Inc. sank more than 10 percent. The Schaumburg, Ill., company slid to $6.02, a new 52-week low from the 52-week high of $19.68. Of the more than 100 technology stocks tracked by EETimes, only International Rectifiier Corp. rose on news suitor Vishay Intertechnology Inc. could be persuaded to increase its once rebuffed offer for the El Segundo, Calif. company.