SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Technology Stocks : Intel Corporation (INTC)
INTC 36.91-1.1%Dec 31 3:59 PM EST

 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: TGPTNDR who wrote (156560)1/23/2002 7:16:25 AM
From: Road Walker  Read Replies (1) of 186894
 
ST says saw signs of demand pickup in Q4
PARIS, Jan 23 (Reuters) - Europe's leading chipmaker STMicrelectronics saw signs of increasing demand in the fourth quarter, with a noticeable increase in orders, CEO Pasquale Pistorio said on Wednesday.

``In the fourth quarter, we saw several signs of increasing demand. Our order backlog at the end of the quarter was better than at the beginning,'' he told a news conference.

``The first quarter of 2002 should mark the bottom of the cycle for ST, for both sales and gross margin.''

German peer Infineon said on Tuesday it also saw signs of a pickup in demand for chips, bolstering sentiment after world number one Intel (NasdaqNM:INTC - news) said last week it saw no indications yet of a recovery in the semi-conductor industry.
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext