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TECH STOCKS: Tech Stocks Eke Out Small Gains

By Rex Crum, MarketWatch SAN FRANCISCO (MarketWatch) -- Tech stocks ended up finding just enough momentum Wednesday, with several leaders rising in late action and giving the overall sector a lift at the market close. The Nasdaq Composite Index (RIXF) edged up 1 point to 2,668. The Philadelphia Semiconductor Index (SOX) and the Morgan Stanley High Tech 35 Index (MSH) both slipped into the red. Investors had a hesitant reaction after the latest estimate of growth in U.S. gross domestic product was revised higher, though by not as much as many economists had expected. Among leading tech stocks, gains came from Apple Inc. (AAPL), Dell Inc. (DELL), Microsoft Corp. (MSFT) and IBM Corp. (IBM) Xilinx Corp. (XLNX) came back from earlier falling more than 6% to close with a gain of 24 cents a share at $28.63. Late Tuesday, Xilinx said it now expects third-quarter sales to fall between 7% and 9% from its second-quarter levels. Such a forecast would put Xilinx's sales between $563.9 million and $576.3 million. The company had earlier projected sales for the quarter ending in December to be flat or down up to 4% on a sequential basis. Xilinx said that revenue would by hampered by weaker sales to some of its large communications customers. Other chip stocks that advanced included Altera Corp. (ALTR), Micron Technology Inc. (MU) and Texas Instruments Inc. (TXN) Online travel site Priceline.com Inc. (PCLN) rose $9.17 a share to close at $416.17. Before the market opened, ThinkEquity analyst Aaron Kessler raised his rating on Priceline to buy from hold and lifted his price target for shares of the online-travel site to $530 from $450 previously. Kessler said Priceline should continue to benefit from continued strength in the travel industry, particularly from its European and international business.

Stock News for Xilinx (XLNX)
DateTimeHeadline
03/27/201519:57:20Intel in Talks to Buy Altera -- 4th Update
03/27/201519:38:29Intel in Talks to Buy Altera -- 4th Update
03/24/201507:00:00Xilinx SDAccel and SDNet Software Defined Development Environments...
03/23/201510:50:35Dividend Increases, March 8-20, 2015
03/23/201507:00:00Xilinx Enables Any Media over Any Network with Comprehensive...
03/19/201509:00:00Xilinx Highlights All Programmable Solutions for OTN, SDN, and...
03/18/201507:00:00Xilinx Announces Availability of 100G RS-FEC IP for Data Center...
03/17/201516:36:25Current Report Filing (8-k)
03/12/201507:00:00Xilinx to Participate in the Inaugural OpenPOWER Summit 2015...
03/10/201516:42:17Current Report Filing (8-k)
03/10/201508:04:18Xilinx declares $0.31 dividend
03/10/201508:00:00Xilinx Raises Quarterly Dividend $0.02 Per Share
03/09/201507:00:00Xilinx Announces SDSoC Development Environment for All Programmable...
03/04/201507:00:00Winter 2015 Issue of Xcell Journal Examines Xilinx's New 16nm...
03/03/201508:00:00Xilinx Announces Investor & Analyst Meeting
03/03/201507:00:00Xilinx All Programmable Devices Enabling ZTE Pre5G 3D/Massive...
02/28/201515:33:24Chip product launches: ARMH, EZCH, BRCM, NXPI, XLNX, IDTI
02/25/201507:00:00Xilinx and BEEcube Announce Highly Scalable Prototyping Platform...
02/24/201507:00:00Xilinx and Xylon Announce New Industry Leading Automated Multi-Camera...
02/23/201507:30:00Xilinx Highlights Data Center FPGA-Based Acceleration Solutions...

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