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Technology Stocks : Semi Equipment Analysis -- Ignore unavailable to you. Want to Upgrade?

To: Donald Wennerstrom who wrote (26818)	11/11/2005 11:15:49 AM
From: Donald Wennerstrom	Respond to of 95757

06:40 ET LONDON (MarketWatch) -- STMicroelectronics N.V. rallied over 3% in Paris trade following a Merrill Lynch upgrade to buy. Merril argued that substantial margin expansion for the European chipmaker in 2006 and 2007 will continue to support a share price already responding to the stronger dollar and hopes of a flash memory division spin-out on the back of the Spansion IPO. "We see a clearer strategy and strong cost discipline from management. 2007 in particular will see EPS growth substantially higher than top line growth," the broker said.