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Technology Stocks : Semi Equipment Analysis -- Ignore unavailable to you. Want to Upgrade?

To: Donald Wennerstrom who wrote (41982)	12/3/2008 4:45:00 PM
From: Donald Wennerstrom	1 Recommendation Respond to of 95617

Marvell powers sector back into black 4:19 PM ET 12/3/08 \| Marketwatch SAN FRANCISCO (MarketWatch) -- Technology stocks closed higher Wednesday, powered by Marvell Technology, whose shares jumped more than 20% on better-than-expected quarterly results. Meanwhile, SanDisk Corp. (SNDK) shares also soared more than 25% on talk of a new acquisition bid by Toshiba, according to Dow Jones Newswires citing OptionMonster.com. A SanDisk spokesman said the company does not comment on rumor or speculation. However, Palm Inc. (PALM) shares plunged 16.8% to $1.68 following the company's warning of a drop in revenue. But Marvell and SanDisk propelled the sector into positive territory as the Nasdaq Composite Index (COMP) gained 2.9% to close at 1,492.4 points. The Morgan Stanley High Tech 35 Index (MSH) was also up 2.9%. Philadelphia Semiconductor Index $SOX rose 6.7% as Marvell (MRVL) added 20.4% after the chipmaker swung to a profit. Read story. Research In Motion's (RIMM) shares rose 4.4% despite the company issuing an earnings and revenue warning. Read story. The Dow Jones Industrial Average (DJIA) was up 172.6 points, even as investors reacted to RIM's warning and new economic data pointing to a weaker job market. Read Market Snapshot. Tech giants posting gains included Amazon.com (AMZN), Advanced Micro Devices (AMD) and Cisco Systems. (CSCO).