By Kate Hanaghan, 23 April 2002 11:00
NEWS Chip companies have enjoyed a morning of upbeat trading after good results from two leading European players. By 10.30am BST German chip maker Infineon was into the green by more than one per cent after reducing its quarterly net loss. European semiconductor giant STMicroelectronics also announced results today. While its first quarter figures represented a 29 per cent drop in revenues it said its current quarter would be more promising. Revenues are expected to rise 10 per cent. Elsewhere in the sector, chip designer ARM made initial gains of more than two per cent during early morning trading although this tailed off by mid morning to around one per cent.
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