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Stock Market & Financial Investment News

News Breaks
November 16, 2012
09:30 EDTSTMSTMicroelectronics upgraded to Neutral from Sell at UBS
News For STM From The Last 14 Days
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September 19, 2014
06:38 EDTSTMSTMicroelectronics to raise MEMS apps in wearable, IoT markets, DigiTimes says
STMicroelectronics expects to increase MEMS applications in wearable and IoT sectors to gain memotum, reports DigiTimes, according to Executive VP Benedetto Vigna. The company will aim to integrate related technologies to connect core elements. STMicroelectronics has shipped over 8.5B MEMS chips that include 5B MEMS sensing chips and 3.5B units of actuators. Reference Link
September 18, 2014
09:15 EDTSTMSTMicroelectronics CFO says on track to hit Q3 guidance, Reuters reports
STMicroelectronics CFO Carlo Ferro told investors during a conference presentation that "for us the rule is no news means we're on track to achieve the guidance range we gave for the quarter," according to Reuters, which noted that the company previously said it is targeting Q3 revenue growth of 3% and a gross margin of 34.4%. The Fly notes that consensus for STMicroelectronics is 5c for EPS and $1.92B for revenue. Reference Link
September 16, 2014
09:40 EDTSTMSTMicroelectronics, AT&S, Soundchip announce collaboration
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05:41 EDTSTMSTMicroelectronics to sell certain products to MegaChips
MegaChips Technology America announced that following the signature of an agreement with STMicroelectronics (STM, ST) and final closing on September 2, it has acquired 9 smart connectivity products based on DisplayPort technology that ST decided to discontinue last year, along with its related assets, business and products in development. During the transition, ST and MegaChips ensured continuity of products and services to customers. A number of employees engaged in product development and marketing in relation to the acquired business from ST, joined MegaChips America. This group included Mr. Alan Kobayashi, currently the chair of VESA, who joined MegaChips America as a Fellow and Product Development Manager.
September 11, 2014
07:29 EDTSTMDeutsche Bank to hold a conference
Technology Conference to be held in Las Vegas on September 9-11 with webcasted company presentations to begin on September 11 at 10:30 am; not all company presentations may be webcasted. Webcast Link
September 10, 2014
10:00 EDTSTMOn The Fly: Analyst Downgrade Summary
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07:53 EDTSTMDeutsche Bank to hold a conference
Technology Conference to be held in Las Vegas on September 9-11 with webcasted company presentations to begin on September 10 at 10:30; not all company presentations may be webcasted. Webcast Link
06:33 EDTSTMSTMicroelectronics downgraded to Neutral from Outperform at RW Baird
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