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Technology Stocks : Qualcomm Incorporated (QCOM)

QCOM 174.01

-0.3%

Nov 14 3:59 PM EST

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From: Ken S.	10/25/2006 4:37:01 AM
	of 152472

STMicroelectronics Says Sales May Rise as Little as 4 Percent By Chiara Remondini and Jason Kelly Oct. 25 (Bloomberg) -- STMicroelectronics NV, Europe's biggest maker of semiconductors, said fourth-quarter sales may rise as little as 4 percent amid a slowdown in demand for mobile-phone chips. Sales this quarter will range from $2.49 billion to $2.64 billion, based on a company forecast issued late yesterday. STMicroelectronics had sales of $2.39 billion a year earlier. The prediction from Geneva-based STMicroelectronics echoed comments from chipmakers including Texas Instruments Inc. and Analog Devices Inc., which said this week demand for mobile phones is slowing. Last week, Nokia Oyj and Motorola Inc., the world's two biggest cell-phone manufacturers, reported results that disappointed investors. ``We see some correction in the current semiconductor cycle,'' Chief Executive Officer Carlo Bozotti said in the statement yesterday. Sales to wireless and automotive customers are less than expected, he said.

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