STMicroelectronics issues 2008 Q1 report
Router Bit Sets First quarter net revenues increased 8.9% year-over-year to $2.5 billion, and excluding Flash Memories
Group, net revenues increased 11.6% to $2.2 billion GENEVA, April 28 /PRNewswire-FirstCall/ -- STMicroelectronics reported
financial results for the 2008 fiscal first quarter ended March 30, 2008. ST, in conjunction with Intel and Francisco
Partners, completed their previously announced agreement to create Numonyx, an independent semiconductor company, with ST
contributing its Flash Memories Group (FMG). The transaction was completed on March 30, 2008. The first quarter 2008 income
statement incorporates FMG for the entire period while the balance sheet reflects Numonyx equity valuation at quarter end. In
this press release, ST presents certain financial results for the Company as a whole, as well as for the Company excluding
FMG.
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