Updated from 1:49 p.m. EDT with new stock pricesStrong earnings from tech stalwarts Intel ( INTC) and Yahoo! ( YHOO) helped lift the sector Wednesday. Intel was rising 4.87%, after
Intel, Nvidia, KLA-Tenecor and Yahoo! are components of the Nasdaq 100, which was up 28 points to 2,179.14. Sonus Networks ( SONS) was gaining 11.50% after Piper Jaffray upgraded the telecommunications equipment provider to outperform from market perform. Shares were gaining 72 cents to $6.98. Amphenol ( APH) was rising 7.57% after the electronic and fiber optic cable maker beat third-quarter projections and offered bullish full-year guidance. Excluding items, the company earned 50 cents a share, vs. 39 cents a share in the year-ago period. The company reported third-quarter sales of $734 million. Analysts expected earnings of 49 cents a share on revenue of $692.7 million in the third quarter. The company now sees full-year revenue of between $2.81 billion and $2.83 billion and earnings of between $1.89 and $1.91 a share. For the full year, analysts saw earnings of $1.83 a share on revenue of 2.74 billion. Shares were rising $3.01 to $42.78. On the losing side, IBM ( IBM), which also posted an earnings beat, saw shares edge down 3.19% after the computer maker said it saw
flat hardware sales . Shares were losing $3.82 to $115.78. WebMD ( WBMD) was falling 13.61% after warning of a third-quarter revenue shortfall. The medical information Web site said it expects revenue of between $86 million and $87 million, below its previous target of $89 million to $94 million. Analysts expect revenue of $92.6 million. Shares were falling $7.89 to $50.10.