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.

Gleacher Likes Linear Tech (Nasdaq:LLTC) Maxim (Nasdaq:MXIM) Long- Term in Analog, Monlithic Power (Nasdaq:MPWR) Short Term

Previewing the ending of the quarter for analog, Gleacher said they like Linear Tech (Nasdaq:LLTC) Maxim (Nasdaq:MXIM), and in the short term, Monlithic Power (Nasdaq:MPWR).

Gleacher noted, "Today we are previewing our December quarter ending Analog coverage group including Texas Instruments (NYSE:TXN) (Buy), Intersil (Nasdaq:ISIL) (Neutral), Linear Tech (LLTC) (Buy), Monlithic Power (MPWR) (Neutral), Micrel (Nasdaq:MCRL) (Neutral) and Maxim (MXIM) (Buy). While our top picks longer-term are LLTC and MXIM, we recognize that MPWR perhaps has greater upside potential through Q4 earnings, should the company post beat and raise results (as we suspect), as Street CY11 estimates have fallen precipitously since CQ3 earnings. Note: We also recommend National Semi (NYSE:NSM) and Analog Devices (NYSE:ADI) in the Analog space."

LLTC was trading at $34.90, up $0.09, or 0.25 percent, as of 2:19 PM EST. MXIM was trading at $25.75, up $0.38, or 1.50 percent. MPWR was at $15.98, down $0.05, or 0.31 percent.