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

To: Lynn who wrote (302)	11/3/1999 7:44:00 AM
From: Lynn	Respond to of 437

HBSC Securities increases STM price target 34%, reiterates buy rating biz.yahoo.com Wednesday November 3, 7:17 am Eastern Time RESEARCH ALERT - HSBC raises STM target LONDON, Nov 3 (Reuters) - HSBC Securities said on Wednesday it had lifted its share price target on semiconductor maker STMicroelectronics (NYSE:STM - news) by 34 percent to 119 euros, and maintained its ''buy'' rating on the stock. The investment bank said the group was positioned in the fastest growing sectors, namely mobile telecoms, consumer electronics and internet access. HSBC said STMicroelectronics had a network of strategic alliances with blue chip names such as Nokia , Alcatel and Hewlett-Packard (NYSE:HWP - news). It said these customers were a major growth driver, and gave greater forward visibility and less volatility to sales. For research reports, go to Reuters Broker Research on Reuters Web at rbr.session.rservices.com.