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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 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)
05/02/201607:00:00Xilinx Highlights Compute Intensive and Software Defined Vision...
04/27/201616:34:50Current Report Filing (8-k)
04/27/201616:20:00Xilinx Announces Fourth Quarter & Fiscal 2016 Results; Record...
04/19/201607:00:00Xilinx Extends SmartConnect Technology to Deliver 20 -- 30% Breakthrough...
04/18/201610:00:00NGCodec and Xilinx Demonstrate H.265/HEVC Video Encoder IP at...
04/14/201614:10:00China's Tsinghua Unigroup Retests U.S. Waters
04/06/201612:01:00Xilinx and IBM to Enable FPGA-Based Acceleration within SuperVessel...
03/16/201611:28:00Xilinx Debuts Multiple Industry-First Solutions for Ultra-High...
03/16/201607:00:00Xilinx All Programmable Optical Transport Network (OTN) IP Subsystems...
03/15/201607:00:00Xilinx Delivers the Industry's Most Flexible and Comprehensive...
03/10/201607:00:00Xilinx Demonstrates 56G PAM4 Transceiver Technology
03/01/201618:52:11Statement of Changes in Beneficial Ownership (4)
02/24/201609:07:08Current Report Filing (8-k)
02/24/201609:00:00Jon Olson to Retire as CFO of Xilinx
02/17/201607:00:00Xilinx and Its Expanded Ecosystem Showcase the Latest 16nm Zynq...
02/16/201607:00:00Xilinx Strengthens Embedded Vision and Industrial IoT Portfolio...
02/12/201617:32:12Statement of Ownership (sc 13g)
02/11/201610:31:05Amended Statement of Ownership (sc 13g/a)
02/10/201610:31:55Amended Statement of Ownership (sc 13g/a)
02/03/201607:00:00Xilinx Announces Data Center Ecosystem Investment Program to...

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