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You are correct. The stock prices were weak going into the earnings. The earnings were better than anyone could of imagined. INTC TER KLIC, ECT. And the stocks now lower than earnings.INTC i think is holding the sector back. But that stock will break out eventually. Its dividend is 3% which is more than a 10 year GVT bond!! The dividend is pretty rock solid too.INTC should be $24 at least (actually $30 is very reasonable). When INTC hits $24, I bet these other Semi stocks really take off.You are right about the market not really caring about earnings. The stocks are trading completely off of chart paterns. Which often have no relationship to intrinsic value.