Thu, October 11, 2012
Wed, October 10, 2012
Tue, October 9, 2012
Mon, October 8, 2012
Sun, October 7, 2012
Sat, October 6, 2012
Fri, October 5, 2012
Thu, October 4, 2012
[ Thu, Oct 04th 2012 ] - Market Wire
Termination of Letter of Intent
[ Thu, Oct 04th 2012 ] - Market Wire
Spanish tax settlement

Ericsson and STMicroelectronics Comment on Speculations Regarding ST-Ericsson


//science-technology.news-articles.net/content/2 .. mment-on-speculations-regarding-st-ericsson.html
Published in Science and Technology on Tuesday, October 9th 2012 at 4:35 GMT by Market Wire   Print publication without navigation


October 09, 2012 07:09 ET

STMicroelectronics: Ericsson and STMicroelectronics Comment on Speculations Regarding ST-Ericsson

C2692C

GENEVA--(Marketwire - Oct 9, 2012) -  Following recent speculations in the market regarding the future of ST-Ericsson, the 50/50 joint venture between Ericsson (NASDAQ: [ ERIC ]) and STMicroelectronics (NYSE: [ STM ]), Ericsson and STMicroelectronics make the following comments.

ST-Ericsson announced its strategic plan in April and is in the middle of executing on company transformation aiming at lowering its break-even point. It is natural for the parent companies to continuously review the strategy of the company.

The two parent companies, together with ST-Ericsson, are currently working with an external advisor in order to ensure the best possible future for ST-Ericsson. Both STMicroelectronics and Ericsson support ST-Ericsson in its transformation work and remain confident that the company has a strategic position in the industry to enable the device ecosystem.

About STMicroelectronics
ST is a global leader in the semiconductor market serving customers across the spectrum of sense and power technologies and multimedia convergence applications. From energy management and savings to trust and data security, from healthcare and wellness to smart consumer devices, in the home, car and office, at work and at play, ST is found everywhere microelectronics make a positive and innovative contribution to people's life. By getting more from technology to get more from life, ST stands for life.augmented.

In 2011, the Company's net revenues were $9.73 billion. Further information on ST can be found at [ www.st.com ].



Publication Contributing Sources