News - Numonyx
GENEVA, June 9, 2011 /PRNewswire/ -- STMicroelectronics (NYSE: STM), a global semiconductor leader serving customers across the spectrum of electronics applications, received today the cash payment of $356.8 million from Credit Suisse as the full and final payment for the settlement of all outstanding litigation concerning auction rate securities. This amount fully covers all losses and costs associated with the litigation. STMicroelectronics expects to book a pre-tax profit of approximately $329 million in the income statement of the second quarter of 2011 as a result of the transaction. About STMicroelectronics STMicroelectronics is a global leader serving customers across the spectrum of electronics applications with innovative semiconductor solutions.
GENEVA, March 30, 2011 /PRNewswire/ -- STMicroelectronics (NYSE: STM), a global semiconductor leader serving customers across the spectrum of electronics applications, today announced that it was recognized as one of the '350 Most Admired Companies' for the second consecutive year, according to FORTUNE Magazine's 2011 'World's Most Admired Companies' survey results. Within these 350 companies in the overall ranking, STMicroelectronics is one of only eight companies in the semiconductor industry to earn a place in this year's FORTUNE annual listing, which ranks the top overall most-admired companies and provides industry-specific and regional lists.
GENEVA, March 15, 2011 /PRNewswire/ -- STMicroelectronics (NYSE: STM), a global semiconductor leader serving customers across the spectrum of electronics applications, announced new appointments to its executive management team. Fabio Gualandris has rejoined ST as Corporate Vice President, Director Product Quality Excellence, reporting directly to Carlo Bozotti, President and CEO of ST.