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STMicroelectronics reaffirms 2Q guidance

GENEVA-STMicroelectronics has reaffirmed its guidance for second-quarter 2003 revenues and said revenues will be within the range of $1.68 billion and $1.72 billion and gross margins will be about 36 percent.

The company, however, noted that the figures may alter if certain key market changes like order cancellations, fluctuations in exchange rates, and unforeseen economic, social, political and health conditions change in countries in which it does business, occur.

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