"[Motorola's] broadband communications unit said operating profit rose to $130 million from $99 million a year ago on a 21 percent sales increase to $818 million. Orders rose 3 percent to $905 million."
"RF Micro Devices (RFMD:Nasdaq - news), a wireless communications supplier, was up 23% in late afternoon after hitting a high of 13.85, on a published report that the company's orders from Nokia (NOK:Nasdaq - news) were higher and expected to grow."
I believe we are beginning to see the effects of the Fed's money supply increase in Nov. I've said all along that it takes 6 mo for the effects to show up in the US economy. So from Nov to April, there are 6 months. Great! If all the above is true, we are moving up from the lows. Now, that's really nice for a change!
Hey dc, keep up the excellent biz detective work! You are doing a great job at it!
What's ahead? I expect more news of increasing tech sales. This is very, very positive for the stock market. So watch out with shorts or puts, etc. Bargain hunters are finally doing some buying at this juncture!