Intel Creeps Up 3.8% as New Chip Nears

Intel

(INTC) - Get Report

was up 3.8% in midafternoon after

The Wall Street Journal

reported that the chipmaker will unveil its new

Pentium 4

processor Monday.

Chip stocks, which were broadly lower this morning, were recovering. The

Semiconductor Index

(SOX)

was down 0.2% after slipping lower late this morning.