A number of tech names were benefiting from positive Wall Street research calls Friday, including chip giant and
Dow Jones Industrial Average
Goldman Sachs lifted its rating on the stock to buy from neutral, and Intel rose 3.8% to $24.12. Should it close there, it would mark a 52-week high.
was advancing 5% to $39.13 after Credit Suisse said it met with the video-game seller's management this week and now feels confident its financial results could be better than existing projections.
Another winner was
LG. Philips LCD
, which tacked on 0.5% to $23.89 following a Citigroup upgrade to buy from hold.
On the losing end, Stifel initiated coverage of
with a hold rating and
with a buy, and both stocks were trading a bit lower.
is planning to open an R&D site in Shanghai later this month in order to better take on China's Internet search leader
, according to a report in
The Wall Street Journal
Shares of Google were down 0.3% at $501.47, and Baidu was up 1.9% at $142.84.
Another report, in the
Chairman and Chief Executive Howard Stringer is trying to determine how much the company could lower the price tag on its PlayStation 3 consoles in order to boost demand. Shares of Sony were up 0.4% at $54.70.
Volume leaders on the tech-heavy
Sirius Satellite Radio