Microsoft Advances

Microchip Technology rises; Ericsson drops; plus more of today's stocks in the news

Microchip Technology (MCHP ) posted 22 cents, vs. 16 cents fourth-quarter earnings per share on a 20% revenue rise. It sees 25 cents first-quarter earnings per share on 7% to 8% sequential sales rise. Microchip set a 2.5 million share buyback. S&P maintains buy. Legg Mason upgraded to buy from hold.

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