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Intel Up and Chips Point Higher, Amid Concerns

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(INTC) - Get Intel Corporation Report

was up 5.5% in preopen


trading, a day after striking a 52-week low of $32.06 amid concerns about demand for semiconductors in the wake of slowing PC sales. Other semiconductor-related issues were also up in the preopen, despite a warning from specialty chipmaker


(XLNX) - Get Xilinx, Inc. Report

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was up 7.7% and

Applied Micro Circuit


was up 5.2%.