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Sector roundup: Chips, casual dining

By Associated Press April 23, 2008

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Among the sector activity stories for Wednesday, April 23, from AP Financial News:

NEW YORK (AP) _ The chip sector soared Wednesday, helped by strong quarterly results from communications chip makers Broadcom Corp. and Anadigics Inc.

NEW YORK (AP) _ Casual dining shares rose Wednesday after P.F. Chang's China Bistro Inc. and CEC Entertainment Inc. reported better-than-expected first-quarter profits, and an analyst upgraded Brinker International Inc.

NEW YORK (AP) _ Shares of toymakers fell Wednesday as two weak first-quarter earnings reports from RC2 Corp. and Jakks Pacific Inc. indicated consumers are cutting back on toy buying even as toy makers are facing rising costs.

NEW YORK (AP) _ Housing stocks searched for direction Wednesday, with many major companies showing modest declines after data showed weekly mortgage applications fell sharply.

NEW YORK (AP) _ Shares of recreational vehicle makers slid Wednesday after Monaco Coach Corp. predicted a second-quarter loss and reported a first-quarter loss on lower consumer spending.

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DocumentId: 628204, ~/articles/articlehandler.aspx, 5/17/2008 5:24:35 AM

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