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Wednesday's Tech Winners and Losers

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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MCHP $48.80 -1.10%
AAPL $95.18 1.64%
FB $117.44 -0.95%
GOOG $692.33 -0.84%
TSLA $232.32 -3.92%


Chart of I:DJI
DOW 17,750.91 -140.25 -0.78%
S&P 500 2,063.37 -18.06 -0.87%
NASDAQ 4,763.2240 -54.37 -1.13%

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