Tuesday, April 24, 2007

U.S. Stock-Index Futures Gain After Texas Instruments' Profit Forecast

(Bloomberg) -- U.S. stock-index futures advanced after Texas Instruments Inc.'s earnings forecast exceeded analysts' estimates, bolstering confidence in the outlook for technology profits.

SanDisk Corp. joined a rally by computer-related companies after Citigroup Investment Research recommended buying shares of the world's biggest maker of flash-memory cards. Shares of Texas Instruments, the world's largest manufacturer of mobile-phone chips, gained as much as 9.8 percent. Technology companies are projected to report the second-steepest profit increase in 2007 among 10 industries in the Standard & Poor's 500 Index.


Read more at Bloomberg Stocks News

No comments: