Sector roundup: Chipmakers, technology companies

AP News
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Posted: Apr 05, 2011 2:33 PM
Sector roundup: Chipmakers, technology companies

Among the sector activity stories for Tuesday, April 5, from The Associated Press:

_ Shares of semiconductor makers rose after Texas Instruments Inc. said it had agreed to buy rival National Semiconductor for $6.5 billion, reviving acquisition speculation in the sector.

_ Shares of Apple Inc. recovered after initially falling in response to Nasdaq OMX Group Inc.'s announcement that it would rebalance the Nasdaq-100 index, reducing Apple's influence on it. Several other big technology companies will see their weightings in the index increase, and their stocks rose.