Feeds

STMicroelectronics profits ease

Bullish for 1999 prospects

  • alert
  • submit to reddit

Maximizing your infrastructure through virtualization

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. ®

The Power of One Infographic

More from The Register

next story
BBC goes offline in MASSIVE COCKUP: Stephen Fry partly muzzled
Auntie tight-lipped as major outage rolls on
You! Pirate! Stop pirating, or we shall admonish you politely. Repeatedly, if necessary
And we shall go about telling people you smell. No, not really
Airbus promises Wi-Fi – yay – and 3D movies (meh) in new A330
If the person in front reclines their seat, this could get interesting
UK Parliament rubber-stamps EMERGENCY data grab 'n' keep bill
Just 49 MPs oppose Drip's rushed timetable
There's NOTHING on TV in Europe – American video DOMINATES
Even France's mega subsidies don't stop US content onslaught
Samsung threatens to cut ties with supplier over child labour allegations
Vows to uphold 'zero tolerance' policy on underage workers
Dude, you're getting a Dell – with BITCOIN: IT giant slurps cryptocash
1. Buy PC with Bitcoin. 2. Mine more coins. 3. Goto step 1
ITC: Seagate and LSI can infringe Realtek patents because Realtek isn't in the US
Land of the (get off scot) free, when it's a foreign owner
prev story

Whitepapers

Reducing security risks from open source software
Follow a few strategies and your organization can gain the full benefits of open source and the cloud without compromising the security of your applications.
Consolidation: The Foundation for IT Business Transformation
In this whitepaper learn how effective consolidation of IT and business resources can enable multiple, meaningful business benefits.
Application security programs and practises
Follow a few strategies and your organization can gain the full benefits of open source and the cloud without compromising the security of your applications.
Boost IT visibility and business value
How building a great service catalog relieves pressure points and demonstrates the value of IT service management.
Consolidation: the foundation for IT and business transformation
In this whitepaper learn how effective consolidation of IT and business resources can enable multiple, meaningful business benefits.