Press release
(Thomson Reuters ONE) -
Geneva, February 11, 2011- Following today's announcement of Nokia's new
strategy, questions were raised regarding the impact on ST-Ericsson.
Gilles Delfassy, president and CEO of ST-Ericsson, stated, "ST-Ericsson's plans
for our new products and platforms remain on track, both with Nokia as well as
with other top-tier customers, with whom we have obtained designs-wins.
Additionally, we see continued traction with our new product roadmap over the
next quarters that confirms that the business opportunities for
ST-Ericsson are in-line with our expectations.
Our focus is to bring flexible, leading-edge platforms quickly to the market by
addressing a wide array of segments and operating systems, including Windows
Phone. We see Nokia's new strategy as an additional opportunity to leverage the
foundation we have built and continue our more than 20 years collaboration with
Nokia, as it aligns well with what we're doing."
Jo Harlow, head of Nokia's new Smart Devices unit stated, "ST-Ericsson will
continue to be a strategic partner for Nokia moving forward. We count them as
one of our key suppliers, working with us as we successfully execute our new
platform and operating system strategy."
About ST-Ericsson
ST-Ericsson is a world leader in developing and delivering a complete portfolio
of innovative mobile platforms and cutting-edge wireless semiconductor solutions
across the broad spectrum of mobile technologies. The company is a leading
supplier to the top handset manufacturers and ST-Ericsson's products and
technologies enable more than half of all phones in use today. The company
generated sales of about USD 2.3 billion in 2010. ST-Ericsson was established as
a 50/50 joint venture by STMicroelectronics and Ericsson in February 2009, with
headquarters in Geneva, Switzerland.
www.stericsson.com
www.twitter.com/STEricssonForum
FOR FURTHER INFORMATION, PLEASE CONTACT:
Media Relations
Phone: +41 22 930 2733
Email:media.relations(at)stericsson.com
Investor Relations
Phone: +41 22 929 6973
Email:investor.relations(at)stericsson.com
###
This press release contains forward-looking statements that involve inherent
risks and uncertainties. We have identified certain important factors that may
cause actual results to differ materially from those contained in such forward-
looking statements. For a detailed description of risk factors see
STMicroelectronics' (NYSE:STM) and Ericsson's (NASDAQ:ERIC) filings with the US
Securities and Exchange Commission, particularly each company's latest published
Annual Report on Form 20-F.
This announcement is distributed by Thomson Reuters on behalf of
Thomson Reuters clients. The owner of this announcement warrants that:
(i) the releases contained herein are protected by copyright and
other applicable laws; and
(ii) they are solely responsible for the content, accuracy and
originality of the information contained therein.
Source: ST-Ericsson via Thomson Reuters ONE
[HUG#1488309]
Unternehmensinformation / Kurzprofil:
Datum: 11.02.2011 - 16:49 Uhr
Sprache: Deutsch
News-ID 51394
Anzahl Zeichen: 3542
contact information:
Town:
Plan-les-Ouates
Kategorie:
Business News
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