SOURCE: Rothman Research

Rothman Research

April 15, 2010 08:32 ET

World's Largest Semiconductor Brings Glad Tidings to Tech Sector

JOHANNESBURG, SOUTH AFRICA--(Marketwire - April 15, 2010) -  www.rothmanresearch.com - The tech sector is in euphoria right now, with the banner of hope hoisted high and investors ever more attentive to the sector's earnings season results. This blissful sense of confidence is all due to the stellar earnings report posted by Intel Corp. (NASDAQ: INTC), the world's largest producer of semiconductors. This sense of renewed bullishness is more than the market could have expected following the spanking the industry experienced throughout 2009 with many experts anticipating an extensive period for recovery. But with a profit of $2.4 billion, Intel could just have rewritten destiny's page on the tech industry. Behind Intel's impressive release were strong sales of chips for all types of computers, corporate servers' semiconductors and data-storage devices.

*Direct & free downloadable report on Intel Corporation is available by signing up now at http://www.rothmanresearch.com/article/intc/23433/Apr-15-2010.html   

"Intel's quarterly result is an oxygenated respite in a suffocating sphere... The news came like a spark on gun powder, firing most major chip companies share prices upwards. This news timing could not have been better as more positive economic data starts ringing the recovery bells an octave louder," commented Mathew Collier of www.rothmanresearch.com. "Intel has already set the mood to high-optimism. Now, the market is looking at two other titans in the tech sector, Google Inc. and Advanced Micro Devices Inc. (NYSE: AMD), which are due to post their 1st quarter earnings today. Fingers are crossed across the market with expectations that earnings results will be as recovered as INTC, if not better. It must be said, however, that Wall Street has negative anticipation for AMD with an estimated quarterly loss of $0.07. But this did not deter investors to push the company's share price closer to its 52-week high following Intel's quarterly readings." 

*Complimentary downloadable research on Advanced Micro Devices Inc. is accessible upon registration at http://www.rothmanresearch.com/article/amd/23434/Apr-15-2010.html   

Today might see a vast majority of investors glued to the news boards, not just for the earnings release but also to evaluate some key economic data, including initial jobless claim and industrial production amongst others, that are due to come out.

* www.rothmanresearch.com is a source for investors seeking free information on technology sector; investors are encouraged to sign up for free at http://www.rothmanresearch.com/index.php?id=6&name=Register.

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