Feeds

STMicroelectronics profits ease

Bullish for 1999 prospects

  • alert
  • submit to reddit

Secure remote control for conventional and virtual desktops

STMicroelectronics failed -- just -- to match Q4, 1997 profits, with net income in Q4 1998 faring 3.6 per cent worse than the year before. But results comfortably beat analyst expectations. The French semiconductor giant produced profits of $121.6 million, equivalent to 84 cents per share, for the quarter ended December 31, down from $126.3 million the year before. The consensus analyst forecast for the quarter was 81 cents per share. STMicroelectronics attributes the results to buoyant demand for chips used in cars, mobile phones and set-top boxes. The company claims it is better placed than its rivals to profit from this year's expected upswing in the semiconductor market. Q4 sales edged up 2.6 per cent to $1.13 billion, while operating income eased 7 per cent to $154.8 million. Gross margin held firm at above 38 per cent. STMicroelectronics is making great play for the system on a chip and embedded markets. In recent weeks it has beefed up its technology portfolio by buying Vision Technology, the loss-making Edinburgh-based vendor of camera on a chip products, and the peripherals technology chip unit of Adaptec. ®

Intelligent flash storage arrays

Whitepapers

Choosing cloud Backup services
Demystify how you can address your data protection needs in your small- to medium-sized business and select the best online backup service to meet your needs.
Forging a new future with identity relationship management
Learn about ForgeRock's next generation IRM platform and how it is designed to empower CEOS's and enterprises to engage with consumers.
Reg Reader Research: SaaS based Email and Office Productivity Tools
Read this Reg reader report which provides advice and guidance for SMBs towards the use of SaaS based email and Office productivity tools.
The hidden costs of self-signed SSL certificates
Exploring the true TCO for self-signed SSL certificates, including a side-by-side comparison of a self-signed architecture versus working with a third-party SSL vendor.
Top 5 reasons to deploy VMware with Tegile
Data demand and the rise of virtualization is challenging IT teams to deliver storage performance, scalability and capacity that can keep up, while maximizing efficiency.