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Technology Stocks : Qualcomm Incorporated (QCOM) -- Ignore unavailable to you. Want to Upgrade?

To: Dennis Roth who wrote (101682)	7/13/2001 4:15:53 PM
From: Dennis Roth	Respond to of 152472

STMicroelectronics Posts First Loss public.wsj.com This does not bode well. Excerpt: Its customers include Finland's Nokia , Germany's Bosch Group, Hewlett Packard of the U.S., and France's Thomson Multimedia . Making Adjustments Mr. Pistorio said the unprecedented swiftness with which the sector downturn hit was largely responsible for the lower margins, as the company had to adjust its production and capital investment rapidly. "I don't recall any cycle with this extreme variation in such a short time," he said. "Even the excellent strategic alliances STMicroelectronics enjoys cannot insulate us from abrupt changes in market demand."