Nokia/STM??
(Dow Jones) In an effort to keep costs down, Nokia (NOK) could change
the structure of its chip suppliers, potentially hurting its relationship with
Texas Instruments (TXN), Merrill suggests. Analyst Joseph Osha says NOK
doesn't want to be tied to one dominant chip supplier -- think Intel (INTC) in
the PC market -- so the company could move to use a chip from STMicro (STM),
which would represent a move away from TXN. What's more, Osha says NOK is
looking at giving a lower-end design to Infineon (IFX). Still, if the moves
happen, it won't hurt TXN's wireless revenue in the intermediate term, the
analyst says. STM up 2.8% to $17.18; TXN off 0.5% to $33.00; IFX up 1.2% to
$9.77. (DLF)
