Date: 28/01/2009

ST Micro revenues for the Q4 08 tells nearly similar story of other semi vendors

ST Microelectronics has reported fourth-quarter revenue of US$2.276 billion, a decline of 15.5% in comparison to Q3 08 revenues of US$ 2.696 billion, and a decline of 16.9% in comparison to Q4 07 revenues of US$2.742 billion.

Net Revenues by Market Segment for Q4 2008
The following table estimates, within a variance of 5% to 10% in the absolute dollar amount, the relative weighting of each of the Company's target market segments for the 2008 fourth quarter.
As % of Net Revenues Q4 2008
Market Segment
Automotive 12.6%
Consumer 17.0%
Computer 15.5%
Telecom 38.2%
Industrial & Other 16.7%


Both sequentially and year-over-year, all market segments posted declines reflecting the global economic slowdown. On a sequential basis, Automotive was lower by 21% and Telecom by 20%, followed by Computer which decreased 14%, Industrial by 10% and Consumer by 8%. In comparison to the year-ago quarter, Automotive declined 27%, followed by Computer which decreased by 20%, Telecom by 17%, Consumer by 12% and Industrial by 8%.

President and CEO Carlo Bozotti commented, "Fourth quarter net revenues came in at the mid-point of our updated outlook and reflected the accelerated level of order push-outs and cancellations and decrease in demand as the quarter progressed. All product areas were negatively affected, in particular automotive, wireless and computer peripherals. Gross margin was somewhat lower than the mid-point of our revised outlook mostly due to our final product mix being below our expectations, in particular in wireless".