21.   Instead, chip stocks rose because investors believed that a drop in chip prices would spur demand.

22.   Intel also helped push chip stocks higher.

23.   It happened last summer, he said, when erratic semiconductor earnings reports in July spurred him to begin liquidating his stake in chip stocks.

24.   Michael Murphy, editor of the California Technology Stock Letter, said he started buying chip stocks last week.

25.   Most other chip stocks also gained.

26.   Now practically all technology stocks look unappealing, so why not stay with chip stocks?

27.   Other chip stocks also gained.

28.   Other chip stocks fell, then quickly rebounded.

29.   Other chip stocks were mixed.

30.   Peck is thus neutral on most chip stocks but recommends such specialized companies as Analog Devices, Texas Instruments and the Vitesse Semiconductor Corp.