ARM and Infineon reap rewards...
Published: 17 May 2002 11:00 GMT
European markets edged into the green this morning in response to positive financial results from PC maker Dell.
The company, famed for its direct sales model, beat expectations for first quarter profits. It closed up 0.54 per cent on the Nasdaq overnight following a week of notable gains in its share price.
Related European tech shares responded positively to the news. German chipmaker Infineon was up 3.7 per cent while STMicroelectronics gained 1.8 per cent.
After two days of closing in the red, UK chip design company ARM this morning was trading in the green by three per cent, also buoyed by the Dell results.
The US PC giant said it expects revenue to increase eight percent in its second quarter.
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