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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 Amazon.com 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)
DateTimeHeadline
11/15/201309:13:37Maverick Capital Ltd. 3Q 13F: Holdings As Of Sep 30
11/15/201309:13:37Maverick Capital Ltd. 3Q 13F: Largest Eliminations
11/15/201308:39:34Kingdon Capital Management 3Q 13F: Holdings As Of -2-
11/15/201308:39:34Kingdon Capital Management 3Q 13F: Largest Purchases
11/15/201308:39:33Kingdon Capital Management 3Q 13F: Holdings As Of Sep 30
11/15/201307:11:09AQR Capital Management 3Q 13F: Largest Purchases
11/15/201307:11:09AQR Capital Management 3Q 13F: Largest Purchases -2-
11/15/201307:04:50Bridgewater Associates LP 3Q 13F: Holdings As Of -2-
11/15/201307:04:49Bridgewater Associates LP 3Q 13F: Holdings As Of Sep 30
11/15/201307:04:38Bridgewater Associates LP 3Q 13F: Largest Sales
08/01/201309:07:56U.S. HOT STOCK FUTURES: HOT STOCKS TO WATCH
04/25/201306:52:02For Thursday at 6 a.m.) U.S. HOT STOCK FUTURES: HOT STOCKS TO...
05/10/201218:27:22S&P To Add Lam To S&P 500 Index After Novellus Acquisition
04/18/201218:11:07Novellus Systems 1Q Net Down 54% As Revenue Falls
02/06/201210:09:31Applications Given Early Antitrust Clearance
01/26/201209:23:33US STOCK FUTURES: HOT STOCKS TO WATCH
12/15/201115:17:45US Stocks Rise As U.S. Data Outweighs European Gloom; DJIA Up...
12/15/201113:01:05Lam, Novellus Deal Boosts Semiconductor Capital Equipment Stocks
12/15/201109:08:21US Stock Futures: HOT STOCKS TO WATCH
07/12/201113:20:06Applied Materials Backs 3Q Outlook, Cuts Chip Equipment View

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