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STMicroelectronics Reports Q2 Net Revenues At $1.53bn, Slightly Down On Q2

STMicroelectronics reports Q2 net revenues at $1.53bn, slightly down on Q2 2001's $1.59bn. Net income was $104.7mn, compared with last year's $154.5mn. President/CEO Pasquale Pistorio comments:
Pistorio expects Q3 to be slightly up on this quarter and "a solid
improvement" over Q3 2001's $1.4bn.

German IC producer Dialog Semiconductor reports Q2 sales at EUR17.1mn with a
net loss of EUR4.1mn. This compares with sales of EUR25.5mn and a net loss
of EUR9.3mn in Q2 2001. The company sees the result as reflecting an
"ongoing low level of trading in the semiconductor and wireless industries".

TSMC reports net sales at TWD44.18bn and net income at TWD9.31bn. These
figures compare with TWD26.30bn and TWD0.31bn, respectively, in Q2 2001.
Utilisation rates increased to 85% from 67% in Q1 2002. The company sees a
shift to communication and consumer products which it expects to continue
into Q3. Poor dollar exchange rates are forecast to hit margins. Utilisation
in Q3 will fall back to 70% with capacity up 11.5% on Q2 2002. Capital
expenditures for the year will be less than $2bn.

Alcatel Optronics reports Q2 net sales of EUR25.4mn, compared with
EUR149.7mn in Q2 2001. A net loss of EUR186.5mn compares with a net profit
of EUR11.8mn last year.
"The second quarter came in as predicted, in a further contracting
environment," said Jean-Christophe Giroux, CEO. "While inventories still
pollute current demand, we feel additional turmoil at carriers' level is now
very likely to push out the acceptance and deployment of new-generation
systems and components. While we're still committing to technological value
and customer service, we felt it mandatory to take cost-cutting efforts to
the next level, and further rightsize our structure."
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