CHICAGO (CNN/Money) - Technology stocks showed resilience amid declines in the broader market Friday as an upbeat report regarding Intel gave a boost to semiconductor stocks.

The Nasdaq Composite Index gained 13.60 to close at 1,337.54, according to preliminary data.

Intel (INTC: Research, Estimates) climbed 56 cents to $17.26 after Lehman Brothers raised its first-quarter and year 2003 estimates for the chip maker. The brokerage noted that overseas demand for chips appears strong.

While the broader market struggled amid uncertainty over the timing of a possible war with Iraq, tech issues were sustained by Lehman's report. Semiconductor and semiconductor equipment companies are considered leading indicators for the tech sector. After Hewlett-Packard and Dell delivered less-than-sunny outlooks earlier in the week, investors were glad to take in some positive news regarding a bellwether stock such as Intel.

Other chip stocks rising in sympathy with the upbeat report included Advanced Micro Devices (AMD: Research, Estimates), up 25 cents to $5.48, Texas Instruments (TXN: Research, Estimates), up 46 cents to $16.76, and Analog Devices (ADI: Research, Estimates), up 81 cents to $29.15.

The Philadelphia Semiconductor Index rose 8.05 to 297.63.

On the downside, Symantec Corp. (SYMC: Research, Estimates) helped temper the Nasdaq rally, plunging $6.89, more than 14 percent, to $40.47. The security software maker said its earnings in the first half of fiscal 2004 would fall short of Wall Street's consensus estimates, though it expects business to improve in the second half. Symantec was the fourth-most actively traded stock on the Nasdaq today.

Elsewhere, AOL Time Warner (AOL: Research, Estimates), parent company of CNN/Money, gained 58 cents to $11.32. The media conglomerate named a new finance chief for its America Online unit.

Microsoft (MSFT: Research, Estimates) added 12 cents to $23.70. The Wall Street Journal reported that the software giant, along with video game maker Electronic Arts, is considering a bid for Japanese video game company Sega. Electronic Arts (ERTS: Research, Estimates) shares slipped a penny to $52.80.

Palm (PALM: Research, Estimates) tumbled $1.46, or 11 percent, to $11.60. The handheld computer maker said it has cut about 19 percent of its workforce in the past three months. J.P. Morgan cut its rating on Palm to "underweight" from "neutral."

Data storage firm Adaptec (ADPT: Research, Estimates) gained 7 cents to $6.09 after the company said it will cut 165 jobs, or 11 percent of its workforce, in a cost-cutting measure.