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Share Name | Share Symbol | Market | Type |
---|---|---|---|
Semitool (MM) | NASDAQ:SMTL | NASDAQ | Common Stock |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 10.99 | 0 | 01:00:00 |
By Rex Crum
Technology stocks were in a fight for gains Tuesday morning as the sector tried to build upon the prior session's broad advance and Applied Materials Inc. set a deal to acquire chip-equipment maker Semitool Inc.
Among leading tech stocks, gains came from Microsoft Corp. (MSFT), Cisco Systems Inc. (CSCO), Research In Motion Ltd. (RIMM) and Broadcom Corp. (BRCM).
However, the tech-heavy Nasdaq Composite Index (RIXF) fell more than 10 points to 2,187, while the Morgan Stanley High Tech 35 Index (MSH) and the Philadelphia Semiconductor Index (SOX) also lost ground.
Decliners included Apple Inc. (AAPL), Oracle Corp. (ORCL), IBM Corp. (IBM), Dell Inc. (DELL), EMC Corp. (EMC) and Intel Corp. (INTC).
Semitool (SMTL) shares soared $2.54, or more than 30%, to $10.94 after Applied Materials (AMAT) said it would acquire the company for $364 million, or $11 a share.
Semitool, based in Kalispell, Mont., makes technology used in the cleaning and preparing of semiconductor wafers.
Applied Materials, the world's largest semiconductor gear maker, said the deal will help it expand its line of chip-making equipment.
Applied Materials shares slipped 5 cents to $13.01.
1 Year Semitool (MM) Chart |
1 Month Semitool (MM) Chart |
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