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TECH STOCKS: December Starts Out Strong For Tech Stocks

By Rex Crum, MarketWatch SAN FRANCISCO (MarketWatch) -- December started out in a giving mood for tech stocks Wednesday, as most sector leaders joined in a broad market rally fueled by positive reaction to the latest U.S. jobs data and other economic reports from around the world. The Nasdaq Composite Index (RIXF) climbed 51 points, or more than 2%, to close at 2,549. The Philadelphia Semiconductor Index (SOX) rose more than 3% and the Morgan Stanley High Tech 35 Index (MSH) added 2.3%. Gains were helped by the ADP employment report, which showed that private-sector jobs in the United States rose by 93,000 in November, the biggest advance in three years. Also, the market got a lift on reports that the United States is going to support the extension of aid to Europe with extra money commitments from the International Monetary Fund. Among leading tech stocks, Apple Inc. (AAPL), Cisco Systems Inc. (CSCO), Dell Inc. (DELL), Intel Corp. (INTC) and Microsoft Corp. (MSFT) all posted gains. Google Inc. (GOOG) rose $8.64 a share to close at $564.35 a day after reports said the company was in talks to acquire online discount and deal site Groupon for as much as $6 billion. Separately, Groupon said it bought Ludic Labs of San Mateo, Calif., which develops local marketing services. Groupon's founder and chief executive, Andrew Mason, didn't address the Google reports, saying in a statement that "unfortunately, we cannot comment on speculation or rumors about our business." Motorola Inc. (MOT) shares rose 35 cents a share, or 4.5%, to close at $8.01. Late Tuesday, the company said it would split in two on Jan. 4, with the new companies to be called Motorola Mobility and Motorola Solutions. OmniVision Technologies Inc. (OVTI) rose $2.73 a share, or 9.7% to $31.02. Late Tuesday, the maker of image-sensor chips and devices reported a second-quarter profit of $28.9 million, or 50 cents a share, on revenue of $239.5 million. During the same period a year ago, OmniVision earned $8.1 million or 16 cents a share on $183.3 million in sales.

Stock News for Omnivision (OVTI)
DateTimeHeadline
02/28/201409:58:26US Hot Stocks: Hot Stocks to Watch
11/15/201308:55:37Highbridge Capital Management 3Q 13F: Largest Eliminations
11/15/201308:55:35Highbridge Capital Management 3Q 13F: Largest Purchases
11/15/201308:55:35Highbridge Capital Management 3Q 13F: Largest Sales
11/15/201308:55:35Highbridge Capital Management 3Q 13F: Largest -2-
11/15/201308:27:55S.A.C. Capital Advisors LP 3Q 13F: Largest Eliminations
11/15/201308:27:52S.A.C. Capital Advisors LP 3Q 13F: Largest Purchases
11/15/201308:27:52S.A.C. Capital Advisors LP 3Q 13F: Largest Sales
11/15/201308:27:52S.A.C. Capital Advisors LP 3Q 13F: Largest -2-
11/15/201307:11:09AQR Capital Management 3Q 13F: Largest Purchases -2-
11/15/201307:11:09AQR Capital Management 3Q 13F: Largest Purchases
08/30/201316:40:30TECH STOCKS: Salesforce Soars, But H-P, Microsoft Slip
05/31/201317:48:24TECH STOCKS: Losses Wash Over Tech Stocks At The Close
05/31/201312:06:12TECH STOCKS: Apple, Netflix Among Advancers As Techs Rise
05/31/201309:09:14U.S. HOT STOCK FUTURES: HOT STOCKS TO WATCH
05/31/201309:01:42Correction to U.S. HOT STOCK FUTURES: HOT STOCKS TO WATCH
02/28/201317:39:35OmniVision Technologies Third-Quarter Profit Surges; Fourth-Quarter...
11/29/201217:15:26OmniVision Second-Quarter Net Down 50% on Margin Pressure
02/23/201220:45:21OmniVision 3Q Profit Sinks On Lower Sales; 4Q View Upbeat
11/30/201115:42:14US Stocks Surge; DJIA On Pace For Biggest Gain Since August

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