Electronic Arts (Nasdaq:ERTS), MEMC (NYSE:WFR) Drive Tech Sector Gains

Electronic Arts (Nasdaq:ERTS) and MEMC Electronic Materials (NYSE:WFR) helped the tech sector be the only segment gaining of the S&P 500’s 10 industry groups.

Both companies finished trading on Wednesday up by over 15 percent. They tempered the disappointing results of Broadcom (Nasdaq:BRCM), which fell over 5 percent on Wednesday.

MEMC soared on news they turned a profit in its latest quarter, and Electronic Arts surged on upbeat guidance for 2011.

Broadcom was broadsided because of their reluctance to guide revenue and the increase in operational expenses expected going forward.

Broadcom closed Wednesday at $43.79, down $2.60, or 5.59 percent. MEMC closed at $13.42, gaining $1.79, or 15.39 percent. Electronic Arts closed at $18.09, up $2.47, or 15.81 percent.