SIA says that May semiconductor sales rose 2.4% from the same month last year.

Piper Jaffray upgrades Packeteer (PKTR)

Lehman starts Take Two (TTWO) at Underweight

Credit Suisse reaffrims Outperform on Staples (SPLS).

Friedman Billings voices near-term challenges at Talbots (TLB) still exist.

Bank of America says its is bullish on Ebay (EBAY) near-term prospect.

Jeffries says RFMD channel sales are still weak.

JMP Securities says investors should buy RIMM and sell MOT based on Apple (AAPL) iPhone intro.

Citi downgraded several homebuilders including Hovnanian (HOV) and Lennar (LEN)

Douglas A. McIntyre