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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)
09/21/201516:09:14Additional Proxy Soliciting Materials (definitive) (defa14a)
09/21/201516:07:28Proxy Statement (definitive) (def 14a)
09/16/201506:05:06Current Report Filing (8-k)
08/27/201517:02:14Current Report Filing (8-k)
08/13/201517:51:24Annual Report (10-k)
08/11/201509:45:00Technical Snapshot on Semiconductor Equipment and Materials Stocks...
08/05/201513:28:56Statement of Changes in Beneficial Ownership (4)
07/29/201516:04:39Current Report Filing (8-k)
07/28/201514:34:31Amended Statement of Changes in Beneficial Ownership (4/a)
06/22/201517:30:51Annual Report of Employee Stock Plans (11-k)
06/16/201516:03:11Current Report Filing (8-k)
06/01/201516:04:21Specialized Disclosure Report (sd)
05/20/201512:15:10What Is the S&P 500 Index?
04/29/201515:04:51Statement of Changes in Beneficial Ownership (4)
04/21/201513:47:28Why Shares of Lam Research Corporation Took Off
04/21/201509:16:39Lam Research's Buy Rating Reiterated at Deutsche Bank (LRCX)
04/21/201506:15:56Lam Research Price Target Increased to $105.00 by Analysts at...
04/21/201504:46:42JPMorgan Chase & Co. Increases Lam Research Price Target to $95.00...
04/21/201504:10:53Lam Research Given New $95.00 Price Target at Needham & Company...
04/21/201503:21:59Lam Research Given New $76.00 Price Target at RBC Capital (LRCX)

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