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STMicroelectronics Reaffirms Second Quarter 2002 Guidance |
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Some of the above statements that are not historical facts are statements of future expectations and other forward-looking statements (within the meaning of Section 27A of the U.S. Securities Act of 1933, as amended) that are based on management's current views and assumptions and that involve known and unknown risks and uncertainties that could cause actual results or performances to differ materially from those in such statements. In particular, in addition to the factors described above, other important factors that could cause actual results to differ materially from the expectations of the Company or its management include the following: (i) business and economic conditions and trends in the semiconductor and end-user markets as well as in the various geographic regions; (ii) excess manufacturing capacity in the semiconductor industry; (iii) possible disruption in commercial activities occasioned by major events in the world such as armed conflict or terrorism; (iv) changes in order patterns from key customers, and reduced end-user purchases relative to expectations; (v) competitive factors such as the timely development of new products as well as new design and process technologies in line with customer requirements; (vi) pricing pressures; (vii) excess or obsolete inventory. Unfavorable changes in any of the above or other factors listed under "Risk Factors" from time to time in the Company's SEC reports including the Annual Report on Form 20-F for the year ended December 31, 2001, which was filed with the SEC on May 24, 2002, and in particular, the factors listed on page 3 of such Form 20-F, could materially affect the Company. About STMicroelectronics STMicroelectronics, the world's third largest semiconductor company, is a global leader in developing and delivering semiconductor solutions across the spectrum of microelectronics applications. An unrivaled combination of silicon and system expertise, manufacturing strength, Intellectual Property (IP) portfolio and strategic partners positions the Company at the forefront of System-on-Chip (SoC) technology and its products play a key role in enabling today's convergence trends. The Company's shares are traded on the New York Stock Exchange, on Euronext Paris and on the Milan Stock Exchange. In 2001, the Company's net revenues were $6.36 billion and net earnings were $257.1 million. Further information can be found at www.st.com. |
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