Intel Defies Tech Slide, Edges Up

Publish date:


(INTC) - Get Report

was up 1.5% at mid-morning -- the only major semiconductor stock to move higher -- after

Credit Suisse First Boston

reiterated its strong buy and said recent weakness was overdone. Other techs sagged as profit taking replaced yesterday's rally.

Micron Technology

(MU) - Get Report

, a big winner among the chipmakers Tuesday, was off 2.2%. The

Semiconductor Index

, or


, was down 1.8%. Other major tech stocks trading lower included

Cisco Systems

(CSCO) - Get Report

, down 0.6%, and



, off 3.8%.