Tuesday, April 5, 2011

Intel (INTC) (MSFT) (HPQ) Boosted on Texas Instruments (TXN), National Semi (NSM) Deal

The news that Texas Instruments (NYSE:TXN) offered National Semiconductor (NYSE:NSM) $6.5 billion to acquire the company gave tech stocks a jump today, as shares of Intel (NASDAQ:INTC), Microsoft (NASDAQ:MSFT), Hewlett-Packard (NYSE:HPQ) were were all trading up on the day.

Other companies riding the news were Intersil (NASDAQ:ISIL), Semtech (NASDAQ:SMTC), Micrel (NASDAQ:MCRL), which were all enjoying strong gains on the day.

Texas Instruments and National Semiconductor are also benefiting from the market liking the deal, with both companies pushing up today, with National Semiconductor up over 71 percent.

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