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Taking Stock: Chipmaking Stocks Hit a Twenty-month High

 VLSIresearch
  11th-Jan-2010
Description: Chipmaking stocks finished the first week of the year on a strong note. Investors brushed aside worries about looming interest rate hikes and a disappointing job report for December, focusing instead on stronger-than-expected holiday sales. Electronics was one of the best performing sectors during the holiday season, with sales coming in higher than expected. BEST BUY holiday sales topped analysts’ expectations, with same-store sales increasing 8.2% for the five week period ending in January.
Views: 1515
Domain: Electronics
Category: Business
Contents:
Taking Stock: Chipmaking stocks finished the first week of the year on a
strong note. Investors brushed aside worries about looming interest rate hikes and a disappointing job report for December, focusing instead on stronger-thanexpected holiday sales. Electronics was one of the best performing sectors during the holiday season, with sales coming in higher than expected. BEST BUY holiday sales to ... See more

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