KBE News & Analysis
Halftime: Hidden Message in Chip Sector?
09 Mar 2011 EST - CNBC.com
Page 1 of 7 | Next PageShow Entire Article
Both the Dow and S&P struggled on Wednesday with IBM generating some tailwinds after a slew of Street upgrades.
However the Fast traders were much more focused on the darlings of the two year old bull market – chip stocks.Semiconductor investors ran for the exits after Texas Instruments told analysts on a conference call that it was hurt in February due to weaker-than-expected demand for chips used in personal computers.
Adding to investor worries, Fiber optics company Finisar shocked the Street with dismal earnings, blaming a surprise inventory build due to slowing demand in China. And earlier in the week, rival Ciena surprised investors with a weak second-quarter outlook.
Is the chip sector trying to tell you something?
Page 1 of 7 | Next PageShow Entire Article
KBE News & Analysis
No recent news available
© 2012 CNBC.com All Rights Reserved
DATA IS REAL-TIME EXCEPT NOTED WITH *
* DATA DELAYED AT LEAST 15 MINUTES
DATA IS REAL-TIME EXCEPT NOTED WITH *
* DATA DELAYED AT LEAST 15 MINUTES