Austriamicrosystems Rises on 2012 Sales Forecast: Zurich Mover
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Austriamicrosystems AG rose to the highest price in more than four years in Zurich after the Austrian chipmaker raised its sales forecast a second time this year as consumers buy more smartphones and tablet computers.
The stock gained as much as 11 percent to 68.75 Swiss francs, the highest intraday level since Aug. 10, 2007, and was trading up 8.2 percent as of 11:16 a.m. The stock has jumped 75 percent this year, valuing the company at 927 million francs ($1.02 billion).