STM - SGS-Thomson (MPEG II) Message Board

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Technology Stocks : STM - SGS-Thomson (MPEG II)

STM 33.41

-4.4%

1:12 PM EST

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To: Lynn who wrote (291)	11/2/1999 8:43:00 AM
From: Lynn	Read Replies (1) of 437

RESEARCH ALERT-Goldman ups STMicro target to $125 LONDON, Nov 2 (Reuters) - Goldman Sachs said on Tuesday it raised its share price target on French electronics group STMicroelectronics (NYSE:STM - news) to $125 from $85 and repeated a ''market outperformer'' rating on the stock. In a research note, Goldman analysts said they saw STM as a key beneficiary of growth in wireless and digital consumer products, while in the short term they had changed their view that there would be a slowdown in first quarter demand. ''The capacity shortages are so intense that STM will probably not have the usual seasonal effect,'' the note said. For research reports, go to Reuters Broker Research on Reuters Web at rbr.session.rservices.com. biz.yahoo.com

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