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Sector roundup: Liquor cos., flash memory chips



By AP
02 July 2008 @ 02:33 pm EST

Among the sector activity stories for Wednesday, July 2, from AP Financial News:

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NEW YORK (AP)--Shares of liquor companies were mixed Wednesday after UBS analysts cut their rating on shares of spirits producers Diageo PLC and Brown-Forman Inc. due to slower spending and higher commodity costs.

NEW YORK (AP)--Shares of flash memory chip makers surged Wednesday as analysts said chip spot prices, which have been soft over the past year, could be on the brink of stabilizing.

Copyright 2008 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

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