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That didn't take long. STMicroelectronics (STM +9%) has issued a terse statement in which it...

That didn't take long. STMicroelectronics (STM +9%) has issued a terse statement in which it "denies the existence of initiatives which can compromise the unity of the Company." That's in response to a Bloomberg report claiming the chipmaker is thinking of splitting up its analog and digital IC ops. But shares remain up strongly.
Comments (1)
  • The Bloomberg report seems very muddled. Also defies common sense.

     

    Those wily Italians wouldn't throw the baby out with the bath water!
    12 Oct 2012, 03:46 PM Reply Like
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