Semiconductor ETFs Hang Tough Despite Broadcom Drubbing
April 27, 2011 at 13:47 PM EDT
Exchange traded funds (ETFs) that invest in semiconductor stocks managed to hold about even for the session Wednesday despite the shellacking in bellwether Broadcom (NasdaqGM: BRCM). Investors were not satisfied with Broadcom’s second-quarter revenue outlook and sent the shares lower by more than...