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TECH STOCKS: Broad Rally Lifts Tech Sector At Market Close

By Benjamin Pimentel Tech stocks came to life late in the session Thursday, as many sector leaders closed with gains after earlier being pummeled by losses led by eBay Inc. and EMC Corp. The tech-heavy Nasdaq Composite Index (RIXF) climbed 14.6 points to close at 2,165, while the Morgan Stanley High Tech 35 Index (MSH) and the Philadelphia Semiconductor Index (SOX) also closed in positive territory. EBay (EBAY) still remained off by $1.04 a share, or 4%, at $23.99 a day after the company issued a weaker-than-expected outlook. EMC Corp. (EMC) also fell, giving up 18 cents a share to close at $17.33 after the storage-technology company reported lower third-quarter profit. However, shares of Apple Inc. (AAPL) turned around to rise 28 cents to $205.20 after earlier trading in the red. Nokia Corp. (NOK) filed suit against Apple, alleging the iPhone violates 10 Nokia technology patents. Other companies closing with gains included Hewlett-Packard (HPQ), Oracle Corp. (ORCL), Google Inc. (GOOG) and Advanced Micro Devices (AMD). Online retailer Inc. (AMZN) and communications-chip maker Broadcom Corp. (BRCM) both saw their shares rise ahead of quarterly results due after the market close. Lam Research Corp. (LRCX) rose $1.25 a share, or 3.5%, to $37.10 after the semiconductor equipment maker reported a higher quarterly profit. Gains also came from Dell Inc. (DELL), IBM Corp. (IBM) and Cisco Systems (CSCO). And Microsoft Corp. (MSFT) managed to squeeze in a gain of a penny a share to close at $26.59 on the day it launched Windows 7, the latest version of its flagship PC operating system.

Stock News for Lam Research (LRCX)
10/19/201616:10:00Lam Research Corporation Announces Change in Date and Location...
10/19/201616:07:21Current Report Filing (8-k)
10/19/201616:05:00Lam Research Corporation Reports Financial Results for the Quarter...
10/11/201616:07:00Withdrawal of Registration Statement (rw)
10/11/201613:40:26Statement of Changes in Beneficial Ownership (4)
10/06/201611:22:00Correction to Lam Research, KLA-Tencor Call Off Merger on Antitrust...
10/06/201606:03:11Additional Proxy Soliciting Materials (definitive) (defa14a)
10/06/201606:03:10Current Report Filing (8-k)
10/05/201620:42:00Lam Research, KLA-Tenor Call Off Merger on Antitrust Concerns...
10/05/201619:30:00Lam Research, KLA-Tenor Call Off Merger on Antitrust Concerns
10/05/201618:00:00KLA-Tencor Announces Termination Of Merger Agreement With Lam...
09/29/201616:11:05Additional Proxy Soliciting Materials (definitive) (defa14a)
09/29/201616:08:55Proxy Statement (definitive) (def 14a)
09/23/201612:58:04Initial Statement of Beneficial Ownership (3)
09/14/201616:06:14Current Report Filing (8-k)
09/12/201616:15:08Current Report Filing (8-k)
09/08/201614:05:17Amended Statement of Ownership (sc 13g/a)
09/01/201616:50:52Current Report Filing (8-k)
08/17/201606:02:19Annual Report (10-k)
08/10/201615:50:00Lam Research, KLA-Tencor Shares Fall Amid Deal Status Concerns

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