Qualcomm Inc (QCOM)

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Chip Stocks Gain

A gauge of semiconductor-related companies rose 1.3 percent for the best performance among 24 industry groups in the S&P 500. IC Insights said it expects worldwide chip sales to rise 4 percent in 2005 because of better-than-expected global economic growth and falling customer inventories. It had projected that revenue would shrink 2 percent this year.

Intel, the world's biggest computer-chip maker, rallied 35 cents to $27.35. LSI Logic Corp., which makes semiconductors for digital-videodisc players, increased 25 cents to $6.85. Qualcomm Inc., the world's No. 2 maker of chips for cellular phones, gained 83 cents to $37.63.

http://quote.bloomberg.com/apps/news?pid=10000006&sid=a6Pl7hDzdueE&refer=home