Shares of Microchip (MCHP - Get Report) rose 3% after the chip company backed its first-quarter earnings and revenue guidance. The company continues to project earnings of about 37 cents a share, which excludes about 2 cents a share in stock-based compensation costs. Microchip still sees sequential revenue growth of about 5% to 6%. Analysts project earnings of 36 cents a share on revenue of $257.7 million, or sequential revenue growth of about 4%. Shares were up $1.05 to $34.40.Other technology movers included Microsoft (MSFT), down 2 cents to $23.13; Intel (INTC), up 29 cents to $18.10; Sun Microsystems (SUNW), up 6 cents to $4.61; Sirius Satellite Radio (SIRI), up 13 cents to $4.52; Cisco Systems (CSCO), up 7 cents to $19.84; JDSU (JDSU), up 8 cents to $3.04; Apple Computer (AAPL), down 69 cents to $60.53; Oracle (ORCL), up 15 cents to $14.17; Applied Materials (AMAT), up 20 cents to $16.91; and Lucent Technologies (LU), up 1 cent to $2.55.
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