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Sector roundup: Semiconductors, Internet

By Associated Press
June 17, 2008 | Comments (0)

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Among the sector activity stories for Tuesday, June 17, from AP Financial News:

NEW YORK (AP) _ Shares of semiconductor companies mostly slipped with the broader market Tuesday, although shares of ASM International NV and Mentor Graphics Corp. rose sharply following separate acquisition offers.

NEW YORK (AP) _ Most major Internet stocks gained some ground Tuesday, with Amazon.com Inc. shares rising more than others after a Goldman Sachs analyst said he thinks the company can "speedily double revenues."

NEW YORK (AP) _ Shares of consumer-electronics retailers mostly fell on Tuesday, after Best Buy reported first-quarter profit fell 7 percent, as customers bought lower-margin items such as notebook computers and video-game consoles.

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