Feeds

STMicro posts $164m loss

Sales forecast to drop in Q3

  • alert
  • submit to reddit

Top three mobile application threats

STMicroelectronics has posted a loss of $164.5 million for Q2, while warning that sales are likely to drop in the current quarter.

The loss at the European chipmaker compares to a profit of $176.3 million for the same period the previous year.

Sales dropped to $1.59 billion from $1.88 billion, with the company forecasting that sales would fall a further ten to 15 per cent in the third quarter.

STMicro said it had experienced "a significant amount of end-of-period order pushouts and cancellations, reflecting accelerated weakness in certain of its end-markets, particularly telecom and computer peripherals".

The Geneva-based company expects the chip industry to pick up by the end of the year. ®

Related Link

STMicro statement

Related Stories

STMicro confirms it will use 'Kyro III, IV' chips
STMicro cuts Q2 sales forecasts

3 Big data security analytics techniques

More from The Register

next story
Sorry London, Europe's top tech city is Munich
New 'Atlas of ICT Activity' finds innovation isn't happening at Silicon Roundabout
MtGox chief Karpelès refuses to come to US for g-men's grilling
Bitcoin baron says he needs another lawyer for FinCEN chat
Dropbox defends fantastically badly timed Condoleezza Rice appointment
'Nothing is going to change with Dr. Rice's appointment,' file sharer promises
Audio fans, prepare yourself for the Second Coming ... of Blu-ray
High Fidelity Pure Audio – is this what your ears have been waiting for?
Did a date calculation bug just cost hard-up Co-op Bank £110m?
And just when Brit banking org needs £400m to stay afloat
Zucker punched: Google gobbles Facebook-wooed Titan Aerospace
Up, up and away in my beautiful balloon flying broadband-bot
Apple DOMINATES the Valley, rakes in more profit than Google, HP, Intel, Cisco COMBINED
Cook & Co. also pay more taxes than those four worthies PLUS eBay and Oracle
prev story

Whitepapers

Designing a defence for mobile apps
In this whitepaper learn the various considerations for defending mobile applications; from the mobile application architecture itself to the myriad testing technologies needed to properly assess mobile applications risk.
3 Big data security analytics techniques
Applying these Big Data security analytics techniques can help you make your business safer by detecting attacks early, before significant damage is done.
Five 3D headsets to be won!
We were so impressed by the Durovis Dive headset we’ve asked the company to give some away to Reg readers.
The benefits of software based PBX
Why you should break free from your proprietary PBX and how to leverage your existing server hardware.
Securing web applications made simple and scalable
In this whitepaper learn how automated security testing can provide a simple and scalable way to protect your web applications.