IN BRIEF.VALLEY STOCKS FALL: Stocks in the Daily News/Bloomberg Index fell 44 cents to 126.38, led by Vitesse Semiconductor Corp. and Semtech Corp. Vitesse fell 4 1/32 to 42-5/8. Semtech fell 3 11/16 to 55 9/16.
U.S. stocks fell for a second day as concern spread that slowing economies in Asia will hurt semiconductor companies. Texas Instruments See TI.
(company) Texas Instruments - (TI) A US electronics company.
A TI engineer, Jack Kilby invented the integrated circuit in 1958. Three TI employees left the company in 1982 to start Compaq. Inc., Applied Materials Applied Materials, Inc. NASDAQ: AMAT (HKSE: 4336 ) is the global leader in nanomanufacturing technology solutions with a broad portfolio of innovative equipment, service and software products for the fabrication of semiconductor chips, flat panel solar displays, solar Inc. and KLA-Tencor Corp. paced the retreat.
PAULA GOES PUBLIC: Paula Financial, a Pasadena-based underwriter underwriter n. a company or person which/who underwrites an insurance policy, issue of corporate securities, business, or project. (See: underwrite)
UNDERWRITER, insurances. One who signs a policy of insurance, by which he becomes an insurer. and distributor of commercial insurance products, went public Friday with an initial offering of 2.5 million common shares initially priced at $18.50 each. The stock closed at 23-7/8, up 5-3/8. About 2.2 million shares were issued by the firm and the rest came from selling shareholders. Funds will be used to bolster its underwriting Underwriting
1. The process by which investment bankers raise investment capital from investors on behalf of corporations and governments that are issuing securities (both equity and debt).
2. The process of issuing insurance policies. business, to repay $11.5 million in bank debt and for general corporate uses.