ST-Ericsson Reports First Quarter 2010 Financial Results

  Geneve, Apr 26, 2010 - (ACN Newswire) - ST-Ericsson, a joint venture of STMicroelectronics (NYSE:STM) and Ericsson (NASDAQ:ERIC), reported financial results for the first fiscal quarter ending March 27, 2010.- Net sales & #36;606 million: 8% year-over-year increase pro-forma; 18% sequentialdecrease- Adjusted operating loss[1] & #36;114 million- Restructuring plans on trackPresident and CEO, Gilles Delfassy, commented:  

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