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To: shane forbes who wrote (15164)	9/21/1998 8:46:00 AM
From: getgo234	Read Replies (2) \| Respond to of 25814

Shane and others: THis morning LSI announced that its SYM 22801 and SYM 22802 adapters were certified by MSFT as compatible with MSFT's operating systems. Is this news significant or did the world fully expect the certification at this time ?

To: shane forbes who wrote (15164)	9/21/1998 8:48:00 AM
From: shane forbes	Respond to of 25814

STM big time hammered in Paris, (home of the World Cup Champions!) - I think this is a "Europe growth will slow" thing more than anything else but I am not sure - in a warped way the mightier stocks are beginning to crumble and STM is one of the mightier blue-chips in Europe I think and I think we need the strong to fall first before the bottom is in place (note that all big analog people did the mysterious fall thing late Friday as well and are at key support levels now) : STMicroelectronics Drops Amid Concern Chip Recovery Delayed Paris, Sept. 21 (Bloomberg) -- STMicroelectronics NV shares dropped as much as 13.5 percent as concern grows that a recovery in the semiconductor industry could be delayed even more as the economic recession in Asia deepens. Shares of Europe's second-biggest chipmaker fell as low as 255.7 French francs ($45.66), a two-year low. The stock has fallen 31 percent since the beginning of the year, after gaining just 1.5 percent in 1997. ST's stock fell with other technology stocks around Europe, including bigger rival Royal Philips Microelectronics NV, on concern economic slowdown around the world will eat into profits. It was especially hit by a warning last week by one of its clients, French telecommunications maker Alcatel SA, that lower demand in Europe as well as Asia and Russia would keep it from meeting 1998 profit targets. ''Semiconductors are seen as particularly vulnerable'' among technology stocks, said Sean Faughnan, an analyst at J.P. Morgan. ''People were being too optimistic on a recovery in the chip markets. It's always been two quarters away and kept getting pushed back.'' On July 17, ST said profit growth would stagnate in the third quarter as demand slips, joining a number of chipmakers that had warned recession in some Asian economies and slow personal computer sales were squeezing earnings. That's hampered recovery from a worldwide slump in the semiconductor industry as Asian rivals slashed prices while demand in the region fell. Still, with more than 40 percent of its revenue in Europe and a focus on high-margin chips for consumer electronics like television signal decoders, analysts have said ST was more insulated from economic turmoil outside of Europe than most of its competitors. Stocks fell throughout Europe today on concern Japan's economic recession will worsen as politicians argue over bank reform. The Bloomberg 500 Index of European companies fell 6.17 points, or 3.54 percent, in early afternoon trading to 167.44. Philips shares fell 6 percent to 93 Dutch guilders. Shares of Germany's Siemens AG, Europe's No. 3 chipmaker, fell 6.3 percent to 92.5 deutsche marks.