STMicroelectronics: Ericsson and STMicroelectronics Comment on
Speculations Regarding ST-Ericsson
GENEVA -- (Marketwire) -- 10/09/12 -- 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
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
In 2011, the Company's net revenues were $9.73 billion. Further
information on ST can be found at www.st.com.
For further information, please contact:
Director, Investor Relations
Tel: +1 602 485 2064
Maria Grazia Prestini
Group VP, Corporate Media and Public Relations
Tel: + 41 22 929 6945
ST press release: http://hugin.info/152740/R/1647614/531147.pdf
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