EdgeWater 10/13/2010 11:08:20 PM
News / Finance

Tech Stocks Jumps with Intel (INTC, AAPL, DELL, GOOG)

Tech Stocks on the Move

Intel Corporation (NASDAQ:INTC) surged 1.2% to $20.03 on about million shares. The company posted a third-quarter profit of $2.96 billion, or 52 cents a share, compared with $1.86 billion, or 33 cents a share, in the year-ago period.

Analysts had expected earnings of 50 cents a share on revenue of $11 billion, according to a consensus survey by Thomson Reuters.

For the current quarter, Intel expects revenue of $11.4 billion, plus or minus $400 million. Wall Street currently expects $11.33 billion in sales.

Apple Inc. (NASDAQ:AAPL) added 0.58% to $300.26, rising above $300 for the first time. Over the past 52-week, the stock traded within the range of $185.55-$300.79. The average daily volume of the stock is 19.50 million shares.

Apple Inc. designs, manufactures, and markets personal computers, mobile communication devices, and portable digital music and video players, and sells a variety of related software, services, peripherals, and networking solutions.

Dell Inc. (NASDAQ:DELL) added 1.19% to $14.09. Dell Inc. Chief Executive Michael Dell may bid to buy the computer maker he founded, the head of hedge-fund firm Maverick Capital Management said Tuesday.

Google Inc. (NASDAQ:GOOG) went up 0.63% to $544.80. This morning, Needham & Company maintained a 'Buy' rating on Google, Inc. with a price target of $700.

The stock went up more than 12% in the last one month of trading sessions.

 

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