The establishmentofSTMicroelectronics R&D (China) Center means STwillenhance long-investmentsin China market and achievegreatsuccessinthisfast growingeconomic zone.
Now, the camera phone market is moving to 2 megapixels, and it looks like the companies winning the accounts are Micron, once again, and STMicroelectronics.
One of his top picks, STMicroelectronics, would make most value investors cringe: It trades at 56 times 2000 estimated earnings and more than six times sales.
The Finnish company recently applied for a preliminary injunction, pointing the finger at STMicroelectronics, which is responsible for manufacturing the mic component for both Nokia and HTC.