STMicroelectronics N.V.
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Publicatie datum
18 dec 2012 - 13:47
Statutaire naam
STMicroelectronics N.V.
Titel
STMicroelectronics reconfirms its new financial model
Bericht
Geneva, December 18, 2012 –, Following today’s Bloomberg's statements earlier this morning, STMicroelectronics (NYSE:STM), a global semiconductor leader serving customers across the spectrum of electronic applications, reconfirms its new financial business model targeting 10% or more operating margin.
The company is focused to rapidly achieve operating margin of 10 percent, while targeting a significantly higher level of profitability by 2017.
Forward-looking information
This Press Release contains statements of future expectations and other forward-looking statements (within the meaning of Section 27A of the Securities Act of 1933 or Section 21E of the Securities Exchange Act of 1934, each as amended). These statements include expectations regarding our new strategic plan, including expected benefits, future financial and operating results and other statements regarding events or developments that we believe or anticipate will or may occur in the future. These statements are based on management’s current views and assumptions, and are conditioned upon and also involve known and unknown risks and uncertainties that could cause actual results, performance or events to differ materially from the forward-looking statements contained in this Press Release. Such risks and uncertainties include the continuing difficult macro-economic and industry conditions and trends in the semiconductor sector and the other risks detailed in our filings with the Securities and Exchange Commission. Should one or more of these risks or uncertainties materialize, or should underlying assumptions prove incorrect, actual results may vary materially which could have a material adverse effect on our business and/or financial condition. We do not intend, and do not assume any obligation, to update any forward looking statements set forth in this Press Release.
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