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VSH Venue Sol

0.525
0.00 (0.00%)
14 Jun 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Venue Sol LSE:VSH London Ordinary Share GB00B0T4GP95 ORD 2P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 0.525 0.00 01:00:00
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
0 0 N/A 0

TECH STOCKS: Techs Kick Off Third Quarter With Gains

01/07/2009 9:29pm

Dow Jones News


Venue Solutions (LSE:VSH)
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From Jun 2019 to Jun 2024

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By Benjamin Pimentel

The tech sector kicked off the third quarter with modest gains Wednesday, as bellwethers Intel Corp., Microsoft Corp. and Oracle Corp. advanced.

The Nasdaq Composite Index (RIXF) rose 0.6% to close at 1,846.

Shares of Intel (INTC) traded up about 3%, while Microsoft (MSFT) gained 1.1% and Oracle (ORCL) added 1.5%.

Intel got a boost after a positive preview from Barclays Capital analyst Tim Luke, who told clients to expect "solid" second-quarter results from the chip giant when it reports earnings later this month.

"We remain impressed by Intel's crisp execution and maintain a constructive bias at present," Luke wrote.

He also offered a mixed view of the broader chip sector, noting that key vendors will likely "report stronger second quarter vs. guidance with inventory modest and solid/broadly seasonal guide reflecting holiday build."

But he also echoed lingering concerns about long-term demand, adding, "We consider that visibility on end market sell-thru for holiday season remains uncertain given the weakened macro backdrop and we remain selective."

Investors appeared to embrace a more positive view, however, as chip stocks again outpaced the rest of the tech sector, with the Philadelphia Semiconductor Index (SOX) gaining 1.5%. Intel's arch-rival Advanced Micro Devices (AMD) was up 1%.

Meanwhile, the Morgan Stanley High-Tech 35 Index (MSH) gained 0.6%.

Shares of International Rectifier Corp. (IRF) were up 1.35% after announcing that it has settled a dispute with Vishay Intertechnology (VSH) over its 2007 acquisition of IRF's Power Control Systems. Vishay shares also gained, up about 3%.

Also trading to the upside were shares IBM Corp. (IBM), Cisco Systems (CSCO) and Apple Inc. (AAPL).

Sitting out the rally, Yahoo Inc. (YHOO), eBay Inc. (EBAY) and Dell Inc. (DELL) were all in the red.

 
 

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