
Semi News Gives Hope for a Nazz Rally

By Jim Cramer
About this article:
Altera and Xilinx , two companies that in the 1990s used to routinely blow out the numbers, lifting Cisco with them, issued statements last night and just now that give the Nasdaq a reason to rally. They have guided up or said things aren't that bad, which are precursors to higher prices.
Given that the Nasdaq is and has been a place of hope, these two will be used to generate a rally, perhaps of some significance, in the beaten-down SOX, and that will allow others -- including cell phones and networking players like Cisco -- to feel jaunty. Especially after the DRAM exchange recorded unprecedented declines of more than 10% in memory chip prices last week.
Now, it doesn't matter of course that these are small-time bumps. They are, put simply, a sense that things aren't falling off a cliff at this moment and they...

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