STMicroelectronics: ST Reconfirms Its New Financial Model

Tue Dec 18, 2012 8:21am EST

* Reuters is not responsible for the content in this press release.

  GENEVA, Dec 18 (Marketwire) -- 
Following Bloomberg's statements earlier this morning, STMicroelectronics
(NYSE: STM), a global semiconductor leader serving customers across the
spectrum of electronic applications, reconfirms its new financial
business model targeting 10% or more operating margin.

    The company is focused to rapidly achieve operating margin of 10 percent,
while targeting a significantly higher level of profitability by 2017.

    Forward-looking information 

    This Press Release contains statements of future expectations and other
forward-looking statements (within the meaning of Section 27A of the
Securities Act of 1933 or Section 21E of the Securities Exchange Act of
1934, each as amended). These statements include expectations regarding
our new strategic plan, including expected benefits, future financial and
operating results and other statements regarding events or developments
that we believe or anticipate will or may occur in the future. These
statements are based on management's current views and assumptions, and
are conditioned upon and also involve known and unknown risks and
uncertainties that could cause actual results, performance or events to
differ materially from the forward-looking statements contained in this
Press Release. Such risks and uncertainties include the continuing
difficult macro-economic and industry conditions and trends in the
semiconductor sector and the other risks detailed in our filings with the
Securities and Exchange Commission. Should one or more of these risks or
uncertainties materialize, or should underlying assumptions prove
incorrect, actual results may vary materially which could have a material
adverse effect on our business and/or financial condition. We do not
intend, and do not assume any obligation, to update any forward looking
statements set forth in this Press Release.

    About STMicroelectronics
 ST is a global leader in the semiconductor
market serving customers across the spectrum of sense and power and
automotive products and embedded processing solutions. 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.

    ST financial model: http://hugin.info/152740/R/1665978/540619.pdf 

    

For further information, please contact:
INVESTOR RELATIONS
Tait Sorensen 
Director, Investor Relations
Tel: +1 602 485 2064
tait.sorensen@st.com

MEDIA RELATIONS
Maria Grazia Prestini 
Group VP, Corporate Media and Public Relations
Tel: + 41 22 929 6945
mariagrazia.prestini@st.com 

Copyright 2012, Marketwire, All rights reserved.

-0-
Comments (0)
This discussion is now closed. We welcome comments on our articles for a limited period after their publication.