Intel, Apple bellwethers lead tech-sector gains

“Technology stocks started December on an upbeat note Thursday, as bellwether issues such as Intel Corp. and Apple Computer Inc. advanced, and the tech sector benefitted from broad-market approval of the latest retail sales and economic data,” Rex Crum reports for MarketWatch.

“Intel (INTC: $27.21, +$0.53, +2.0%) rose 42 cents, or 1.6%, to $27.10, after the world’s top semiconductor company said it would spend $3.5 billion to build a new chip-production plant in Israel. Bear Stearns analyst Gurinder Kalra said, in a research note, that he expects Intel to raise its revenue outlook when it gives a midquarter update on December 8,” Crum reports. “Apple (AAPL: $69.79, +$1.97, +2.9%) continued to stand out, rising $1.92, or almost 3%, to $69.73. Four Wall Street analysts this week have raised either their price targets or earnings estimates for Apple due to what is expected to be a strong quarter fueled by iPod sales.”

Full article here.

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Related articles:
Citigroup: Intel-based PowerBook in January, Apple target price raised to $71 – November 30, 2005
Deutsche Bank reiterates ‘buy’ on Apple, raises target price to $78 – November 29, 2005
Apple shares hit another new all-time high on reports of strong holiday sales – November 28, 2005
Piper Jaffray raises Apple Computer price target from $68 to $79 – November 28, 2005
Apple Computer shares hit new all-time high – November 25, 2005
Apple Computer shares hit new all-time high… again – November 23, 2005
Apple Computer shares hit new all-time high – November 22, 2005
S&P analyst reiterates ‘hold’ on Apple, raises price target from $56 to $66 on TiVo news – November 21, 2005
Bear Stearns reiterates Apple ‘outperform’ rating, raises target to $70; AAPL hits new all-time high – November 16, 2005
Morgan Stanley ups Apple share price target from $60 to $70, expects ‘impressive’ future results – November 10, 2005
UBS: Apple to unveil Intel-based Mac mini in January; AAPL share price target raised to $74 – November 07, 2005


  1. Israeli chips will be pretty damn good at keeping out undesirables like spyware and adware. And will respond with swift retribution against any insurgents that slip through the defensive screens. Ah, the computing equivalent of the Israeli military.

    Bye bye viruses.

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