Today, we are featuring top-performing “Technology" equity mutual funds, which primarily invest in equity securities of companies that deal in advanced technologies.

Investors can find such funds by checking out the entire list of the Zacks #1 Rank Technology Equity Funds.

3 Hi-Tech Choices

T. Rowe Price Global Technology (PRGTX) seeks long-term capital growth. It may purchase stocks ranging from small companies to blue chip firms with established track records.

The fund invests at least 80% of its net assets throughout the world in the common stocks of companies that generate a majority of their revenues from the development, advancement, and use of technology. It looks to invest at least 30% of its assets in established as well as emerging foreign markets.

Shareholders have to make a minimum initial investment of $2,500 to enter this Zacks#1 Rank (“Strong Buy") fund. As of June 2009, it has a portfolio turnover of 104.6%.

David J.

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XI'AN, China - October 26, 2009 - Applied Materials, Inc. (Nasdaq:AMAT) the world's largest supplier of equipment to the solar photovoltaic industry, today opened an advanced solar research and demonstration facility in Xi'an, China.

 

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CIB Marine Bancshares, Inc. (PINKSHEETS: CIBH) today announced that, due to a clerical error on the part of a third party fiduciary, certain holders of its trust preferred securities were informed that the deadline for voting on the holding company’s pre-packaged plan of reorganization is September 15, 2009, rather than the

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SANTA CLARA, CA - May 29 2009 - Applied Materials, Inc. (Nasdaq:AMAT) announced today that the 5.7m2 solar photovoltaic (PV) modules produced by its SunFab Thin Film Line, using both single and more advanced tandem junction technologies, were awarded International Electrotechnical Commission (IEC) certification, validating their exceptional performance under extended outdoor exposure.

Highlights include Applied Materials, Inc. (AMAT), Ingersoll Rand Company Ltd. (IR), Joy Global Inc. (JOYG) and Caterpillar Inc. (CAT). Industrial production fell 0.5% in April following a 1.7% decline in March. The March number was revised down from the initial reading of a 1.5% decline. On a year over year basis, total industrial output is down 12.5%, and is 16.0% below its peak. Manufacturing output fell 0.3% on the month following a 2.1% decline in March (revised from -1.7%), and was down 14.5%. Output from the nation's mines tumbled 3.2% following a 2.6% decline in March and is 8.6% below year ago levels. In contrast, Utility output rose 0.4% on the month following a 1.9% rise in March and is down just 3.2% from a year ago. On the other hand, Utility output is affected by the weather almost as much as it ...

Shares of Applied Materials Inc. (AMAT) have slipped more than 5% after reporting a second-quarter loss of 12 cents per share, which missed the consensus by 2 cents.

Revenues for the semiconductor equipment maker declined 53% to $1.02 billion, however, it was better than what many analysts were anticipating.

The company also said it expected a third-quarter loss between 6 cents and 14 cents per share, which is in-line with the consensus estimate for an 8-cents loss.

Meanwhile, analysts have been reducing full-year expectations, with the average forecast down 2 cents over the past 60 days to a loss of 20 cents per share.

AMAT, a Zacks #3 Rank ("Hold") stock, is trading on volume of approximately 20.6 million, which is a bit above the average volume of 19.3 million.

"AMAT" Free Stock Analysis: Buy? Sell? Hold?Zacks Investment Research

We highlight Intel Corp. (INTC) and Applied Materials, Inc. (AMAT).Intel Corp. (INTC) has been fined 1.06 billion Euros by the European Commission (EC) for anti-competitive business practices. We have blogged about the suit in the past, and short of the amount (which is historic), it is not a surprise.The suit alleges Intel gave discounts in exchange for preferential treatment for the manufacturers that used its chips. While the amount of the fine is historic, it will not dent the cash balance of INTC. We would be more concerned about how it affects Intel's market share over the coming quarters.Yesterday afternoon, after the markets closed, Intel CEO Paul Otellini gave investors a good feeling. Otellini pointed out a lot depends on the June quarter, but "so far so good." Orders and billing patterns so far in the second quarter have been slightly ...

ASM International (ASMI) is an OEM [original equipment manufacturer] of both front-end and back-end semiconductor manufacturing equipment. The back-end business has gained significant momentum in the past two years, while the front end business has struggled to become profitable.On June 6, 2008, Applied Materials Inc. (AMAT) offered to buy two of ASM's units for $400 million to $500 million. ASM has so far shunned all offers and the deal appears off for now.Ironically, the front-end is now outperforming the back-end. We rate the shares of ASMI a Buy. Although back-end order strength indicates that the business will perform poorly in 2009, the balance sheet restructuring and lowering of break-even was a step in the right direction. Consequently, we are setting a target price of $10.00. Read the full analyst report on "ASML"Zacks Investment Research

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