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Technology Stocks : STM - SGS-Thomson (MPEG II) -- Ignore unavailable to you. Want to Upgrade?

To: Lynn who wrote (291)	11/2/1999 8:40:00 AM
From: Lynn	Read Replies (1) \| Respond to of 437

Some important news accounts for STM's nice performance on the European exchanges today: STMicroelectronics, Telia claim Internet breakthrough STMicroelectronics NV (STM: news, msgs), the European semiconductor company, and Telia, the Swedish telecommunications operator, announced Monday a technical breakthrough which could dramatically improve the delivery of Internet services to the home or office. According to the Financial Times, the two companies are claiming to have developed a new generation of silicon chips which are economically priced but capable of delivering data such as Internet information or full motion video over ordinary telephone lines at speeds up to 1,000 times faster than conventional personal computer modems. Financial Times cbs.marketwatch.com

To: Lynn who wrote (291)	11/2/1999 8:43:00 AM
From: Lynn	Read Replies (1) \| Respond to 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