Fidelity Big Buyer Of Intel, Lilly In Third Qtr Group's fund managers pare positions in Juniper and Microsoft.(A)(Mutual Weekly Special)

Byline: Leo Fasciocco

Investor's Business Daily

The Fidelity fund family did its biggest buying in the chip sector during the third quarter, leading with Intel.

The fund group added to its stake in Texas Instruments, another producer of chips. The buying of both stocks came while they were in corrections. They haveyet to rebound.

Fidelity also moved more into selected drugs stocks, such as Eli Lilly and Bristol-Myers Squibb. But it was a big seller of Microsoft, w

hich has been suffering a slowdown in earnings growth.

Fidelity Investments manages $544 billion in fund money. The Boston firm is oneof the largest fund groups in the U.S. Its portfolio managers have a reputation for being good stock pickers supported by strong research. They don't comment on stocks.