Only when currencies calm can money be seriously applied to other instruments.

FORBES: Sit Tight, A Rally Could Be On The Way

But he notes that companies like Cavium, Applied Micro Circuits, Texas Instruments, LSI and Fairchild have all talked publicly about using ARM processors in networking infrastructure.

FORBES: CES: ARM Holdings To Expand Push To TVs, Servers, Networks

In many cases a local anaesthetic was applied before the limb was removed with simple surgical instruments.

BBC: Summary amputations: Taliban justice in Afghanistan

These compute engines are CPUs, GPUs, APUs, DSPs and FPGAs from AMD, Applied Micro, Calxeda, Intel and Texas Instruments.

FORBES: HP Moonshot: Say Goodbye to the Vanilla Server

Early in 1998 current hotshots Applied Materials, Intel, Oracle, Qualcomm, Sun Microsystems and Texas Instruments sold at 20 times earnings or less.

FORBES: Tech Value Buys

Chip investors will want to keep an eye on other stocks in the sector today, as well as chip-heavy ETFs like the Semiconductor HOLDRS (SMH), which counts Texas Instruments and Altera among its top holdings, in addition to Intel (INTC), Applied Material (AMAT) and Analog Devices (ADI).

FORBES: Texas Instruments, Altera Cut Outlooks

Having positions in Buy rated Adobe, Applied Materials and Cisco Systems, and in Strong Buy rated Dell, Intel and Texas Instruments are prudent give that these tech stocks are between 24.5% undervalued and 44.2% undervalued, even if you are as bearish on the stock market longer-term as I am.

FORBES: Apple's Cheap But Intel, Cisco, Dell are Cheaper

Among the largest underlying components of SOXX, in trading today Broadcom Corporation ( NASD: BRCM) is down about 5.4%, Applied Materials Incorporated ( NASD: AMAT) is down about 4.7%, and Texas Instruments Incorporated ( NYSE: TXN) is lower by about 5.1%.

FORBES: Investors Exit Semiconductor Sector

Among the largest underlying components of SOXX, in trading today Broadcom ( NASD: BRCM) is up about 0.2%, Applied Materials Incorporated ( NASD: AMAT) is up about 0.8%, and Texas Instruments Incorporated ( NYSE: TXN) is higher by about 0.1%.

FORBES: Semiconductor Sector Sees Strong Inflows