Old 04-29-2008, 10:40 AM Offline   #1 (permalink)



 
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Default STMicro shares rise on bright outlook, despite 1Q loss (AP)

AP - European chip maker STMicroelectronics NV, hit by costs from a spinoff and an acquisition, reported a loss for the first quarter and fell short of Wall Street expectations, but its shares rose Tuesday on its optimistic outlook.

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