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Product category: Communications ICs (Wired)
News Release from: STMicroelectronics
Edited by the Electronicstalk Editorial Team on 26 April 2007

Telecomms market drags STM's revenues
down

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STMicroelectronics reports net revenues for the first quarter of US $2276 million, down 3.7% compared with the $2364 million reported in last year's first quarter.

STMicroelectronics has reported financial results for the first quarter ended 31st March 2007 Net revenues for the first quarter were US $2276 million, decreasing 3.7% compared with the $2364 million reported in last year's first quarter, and reflecting a double-digit decrease in the telecomms market segment

Flash memory revenues declined 21.6%, whereas all other product sales were flat year-over-year.

Sequentially, net revenues decreased 8.4% from the $2483 million reported in the prior quarter, largely reflecting lower telecomms and consumer sales.

Flash memory revenues decreased 13.4% sequentially with all other product sales decreasing 7.6%.