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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
06/15/201607:00:00Xilinx Broadens the Zynq UltraScale+ MPSoC Family with Streamlined...
06/14/201607:00:00Xilinx Zynq UltraScale+ MPSoC Available with Android Open Source...
06/08/201607:00:00Xilinx Extends SDSoC Development Environment, Enabling Software...
06/01/201606:01:44Additional Proxy Soliciting Materials (definitive) (defa14a)
06/01/201606:01:43Proxy Statement (definitive) (def 14a)
05/27/201616:33:53Specialized Disclosure Report (sd)
05/25/201617:57:37Initial Statement of Beneficial Ownership (3)
05/23/201607:05:00Xilinx Expands its 16nm UltraScale+ Product Roadmap to Include...
05/23/201607:00:00Technology Leaders Join Forces to Bring an Open Acceleration...
05/20/201616:29:37Statement of Changes in Beneficial Ownership (4)
05/17/201616:50:08Annual Report (10-k)
05/17/201613:48:00Xilinx announces Investor & Analyst meeting
05/17/201607:00:00Xilinx Appoints Saar Gillai, Ron Jankov, and Tom Lee to its Board...
05/16/201618:37:38Current Report Filing (8-k)
05/16/201616:20:00Xilinx Board Of Directors Increases Repurchase Authorization...
05/13/201617:21:49Current Report Filing (8-k)
05/13/201613:29:43Statement of Changes in Beneficial Ownership (4)
05/13/201613:29:43Statement of Changes in Beneficial Ownership (4)
05/13/201613:29:43Statement of Changes in Beneficial Ownership (4)
05/13/201613:29:43Statement of Changes in Beneficial Ownership (4)

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