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Taking Stock: Chipmaking Stocks Plunged for the 3rd Consecutive Week as Investors Grow Skeptical

 VLSIresearch
  1st-Feb-2010
Description: The U.S. GDP grew 5.7% in 4Q09, well over the 4.7% rate that analysts had expected. The growth was driven primarily by changes in the inventories, which added 3.4 percentage points to the 4Q growth. Excluding inventories, the economy would have grown 2.2%, which is still an improvement from 1.5% in 3Q and not far off the 20 year average of 2.6%. Apple and Microsoft had great quarters, which topped analysts’ estimates. However, all the good news was not enough to brighten investor moods.
Views: 1988
Domain: Electronics
Category: Business
Contents:
Taking Stock: Chipmaking stocks plunged for the third consecutive week as
investors continued to grow skeptical over the strength of the recovery despite stronger-than-expected economic growth in Q409 and a slew of strong earnings reports. The U.S. GDP grew 5.7% in 4Q09, well over the 4.7% rate that analysts had expected. The growth was driven primarily by changes in the inventories, which added 3 ... See more

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