Feeds

Phone chips pump up STMicro profits

Shores up defences against hostile takeover

  • alert
  • submit to reddit

Internet Security Threat Report 2014

STMicroelectronics has posted a profit hike of 16.5 per cent for the first quarter, thanks to surging auto and mobile phone chip demand. Sales rose 10.7 per cent to $1.11 billion. The French semiconductor maker today released profit figures of $105.1 million, or 72 cents a diluted share, compared with $90.2 million, or 65 cents a share, the previous year. Analysts polled by First Call had forecast profit of 69 cents a share, according to Bloomberg. The company also announced plans for a 2-for-1 stock split, effective from June 16, and the issue of 180 million preference shares to protect itself from a hostile takeover. ST’s share price has more than tripled since October. Today, the shares stand at just over $104. ® Videologic lands STMicroelectronics deal STMicro in beta with fastsys chips ST Microelectronic profits ease STMicroelectronics takes on Adaptec chippies

Top 5 reasons to deploy VMware with Tegile

More from The Register

next story
Facebook pays INFINITELY MORE UK corp tax than in 2012
Thanks for the £3k, Zuck. Doh! you're IN CREDIT. Guess not
Facebook, Apple: LADIES! Why not FREEZE your EGGS? It's on the company!
No biological clockwatching when you work in Silicon Valley
Happiness economics is bollocks. Oh, UK.gov just adopted it? Er ...
Opportunity doesn't knock; it costs us instead
Sysadmin with EBOLA? Gartner's issued advice to debug your biz
Start hoarding cleaning supplies, analyst firm says, and assume your team will scatter
YARR! Pirates walk the plank: DMCA magnets sink in Google results
Spaffing copyrighted stuff over the web? No search ranking for you
Don't bother telling people if you lose their data, say Euro bods
You read that right – with the proviso that it's encrypted
Apple SILENCES Bose, YANKS headphones from stores
The, er, Beats go on after noise-cancelling spat
prev story

Whitepapers

Cloud and hybrid-cloud data protection for VMware
Learn how quick and easy it is to configure backups and perform restores for VMware environments.
A strategic approach to identity relationship management
ForgeRock commissioned Forrester to evaluate companies’ IAM practices and requirements when it comes to customer-facing scenarios versus employee-facing ones.
High Performance for All
While HPC is not new, it has traditionally been seen as a specialist area – is it now geared up to meet more mainstream requirements?
Three 1TB solid state scorchers up for grabs
Big SSDs can be expensive but think big and think free because you could be the lucky winner of one of three 1TB Samsung SSD 840 EVO drives that we’re giving away worth over £300 apiece.
Security for virtualized datacentres
Legacy security solutions are inefficient due to the architectural differences between physical and virtual environments.