STM promoted by Goldman Sachs

Goldman Sachs has raised estimates of earnings per share for STMicroelectronics, the Franco-Italian chip maker, following the positive results recorded in the first quarter of 2000. The U.S. investment retains title to the recommendation of the “recommended list” and set a target price of $ 215 per ADR of STM, quoted on the American . The estimates for 2000 have been elevated to a per share of $ 3.51 to $ 3, up by 17%. While the forecasts for 2001 have been raised to $ 4.5 to 3.60 dlr, an increase of 25%. A Piazza Affari the title is at 194.15 (+2.57%).

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CDC: revenues +52% and +94% gross profit

CDC, waiting for the landing in the (planned for May next June) announces its results, the active in the computer, internet and telecoms closed the first quarter of 2000 with a before tax 7,930 billion, an increase of 94.1% compared with 4.086 billion the same period ‘98. The turnover has increased by 52.44% in the first three months, reaching a height of 282.167 bln 185.098 bln against the same period ‘98.

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In Europe, the star shines in Paris

Gran final rally in Paris (+0.19%) which closed at 6077 points after this morning’s CAC 40 came to lose even 5%. The excellent opening on Wall Street has infected mostly StMicroelec. (+10%) And Lagardère (+6.8%). Recoveries on the final even Thomson CSF (+5.2%), Equant (+4%), Bouygues (+3.7%) and L’Oreal (+3%). In contrast Canal Plus (-5%), BNP (-3.9%), Lyonnais (-3%), Aventis (-2.5%) and Lafarge (-2%).

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Coin, gross profit +37%

The Coin Group has closed on 31 January 2000, the annual statements with a positive result before taxes of 42.8 billion lire (+37% compared with 31.2 billion in ‘98) . Operating income was positive for 25.9 billion, +63% compared to 15.9 billion in ‘98. Gross operating margin increased to 99 billion from the previous 73.4 billion, and as a percentage of sales to 6.3% from 5.3% thanks to improved margins on goods, the statement said. Extraordinary items are presented negative 34.5 billion and 64.1 billion to cover costs incurred in the integration and conversion shops Standa. Consolidated net revenues of Gruppo Coin SpA have reached 2337 billion, an increase of 60.4% over the previous year.

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Recordati touches a gain of 4%

The title of the subsidiary to 63.17% from the FIME jumps to 9.6 , appreciated by 3.96%. According to analysts Recordati remains a buy opportunity, as it is the only Italian pharmaceutical with substantial investments in research and development. E ’scheduled for May 10th presentation in Milan of the , which will be commented during the economic and data for the first quarter of 2000. The title has scored YTD gain of 17.6%.

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The shadow of the bear does not depart from Milan

Awaiting the opening of U.S. , the index Milanese worsens performance. The Mib30 loses 3.80% and the Mibtel drops by 3.81%. The worst of the list are Cdb Web Finmatica and Aedes savings. Negative performance for the Gruppo Editoriale L’Espresso and Lazio Football. AMGA is suspended for excessive downward after being traded at 1.99 .

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T-Online, rising debut, +20%

T-Online is exchanging upward to 32.5 compared to the opening price of 27 , marking a +20%. The assessment of the at the time coincides with the upper part of the expected price range between 27 and 32 from the German Telekom. Deutsche Telekom CEO Ron Sommer, recalled this morning that T-Online, the first Internet service provider in Europe can not record profits for this quarter, but expect a better situation for the current year.

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Crolla the New mkt

Overwhelmed the . The negative wave that has plagued the Friday came entirely on technology stocks Italian, so all the licenses are suspended for excessive downward.

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Opens New York, Europe is on alert

the opening of the York beginning in negative after the announcement of U.S. data on consumer prices come down even more European . The FTSE marks -3.14% to 6157 points, Frankfurt’s DAX losing 3.27% to 7205 points, while ’s CAC exchanges to -3.11% at 6071 points.

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New joint venture between Sanofi-Synt. and Genset

Sanofi-Synthelabo, the French pharmaceutical group, and Genset announced a second joint venture in biotechnology genetics. This agreement is intended to select and optimize the molecules in the search for diseases of the central nervous system. While Genset, listed on the Nouveau Marché, gaining 1%, Sanofi loses 1, 1%.

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