STMicroelectronics Reports 2009 Fourth Quarter and Full Year Financial Results
26.01.10
PARIS, Jan. 26 /PRNewswire-FirstCall/ -- STMicroelectronics (NYSE: STM) reported
financial results for the 2009 fourth quarter and full year ended December 31,
2009.
President and CEO Carlo Bozotti commented,"ST's fourth quarter financial results
reflect a positive finish to a very difficult year for ST, the semiconductor
industry and the global economy.
"Our fourth quarter net revenues increased 13.6% sequentially, above our outlook
range and our gross margin came in at 37%, above the midpoint of our outlook
range. Excluding restructuring charges, ST returned to an operating income of
$90
[ Via: IT News Online | Read more... ]
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