STM, owners plan to sell stocks, other securities

Article Abstract:

French-Italian computer-chip manufacturer STMicroelectronics NV and its owners announced they plan to sell stocks and convertible securities worth almost Euro2.5 billion based on Wednesday's closing share price. This action would shift majority ownership of the firm into the hands of investors. France Telecom SA is one of the sellers.

Asset sales & divestitures, Acquisitions & mergers, Telecommunications, Telephone Communication, Mergers, acquisitions and divestments, Telecommunications services industry, Telecommunications industry, France Telecom S.A., FTE

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STMicroelectronics cuts its forecasts for sales, margins

Article Abstract:

STMicroelectronics NV has lowered its sales and profit forecasts for the 2001 second-quarter. The company is now forecasting $1.55 billion to $1.6 billion (1.82 billion euros to 1.88 billion euros) in quarterly revenues, compared to previously forecasted $1.65 billion to $1.8 billion.

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STMicroelectronics expects to outpace growth in sector

Article Abstract:

STMicroelectronics N.V. forecasted growth of 11% for the 2003 year after it posted a 9.4% drop in 2003 first quarter revenues. The company expects to surpass the average in its sector.

Forecasts, trends, outlooks, Switzerland, Finance, Market trend/market analysis, Company sales and earnings, Company earnings/profit

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