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STMicroelectronics (STM +3%), hammered along with many other Euro tech names this spring,...

STMicroelectronics (STM +3%), hammered along with many other Euro tech names this spring, bounces with the help of an upgrade to Hold from Williams Financial. It thinks STM is witnessing trends similar to those seen by other diversified chipmakers: its booking and backlog are stable, but chip buyers have become more cautious in recent weeks. (earlier)
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