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

To: marc ultra who wrote (48048)	6/3/2010 7:18:45 AM
From: marc ultra	1 Recommendation Respond to of 95610

UPDATE 1-STMicro says on track for sales growth 6:38am EDT * Q2 sales growth target is 6-12 percent * Analysts see boom year for chip sector LONDON, June 3 (Reuters) - Diversified semiconductor maker STMicroelectronics (STM.PA: Quote, Profile, Research, Stock Buzz) is on track to achieve its target of 6 to 12 percent sales growth this quarter versus the first quarter of 2010, its finance chief said. "We are on track on our expected 6 to 12 percent sequential growth in the second quarter," Carlo Ferro told investors at a company presentation in London. ST, whose competitors include Intel (INTC.O: Quote, Profile, Research, Stock Buzz) in computer chips, Texas Instruments (TXN.N: Quote, Profile, Research, Stock Buzz) in wireless chips and Infineon (IFXGn.DE: Quote, Profile, Research, Stock Buzz) in automotive chips, also said it aimed to increase manufacturing capacity by 20 percent year on year by the fourth quarter as the industry recovers. Analysts expect a boom year for the sector after semiconductor sales unusually grew in the first quarter versus the seasonally stronger fourth quarter of 2009. ST's recovery has been less pronounced than that of many competitors due to its broad product base that smoothes out the market's ups and downs. ST shares were up 2.8 percent in mid morning trading to 6.67 euros. (Reporting by Georgina Prodhan; Editing by Jon Loades-Carter) ©