STMicro reports 51 percent rise in net, but outlook dims

Article Abstract:

STMicroelectronics N.V. of Switzerland posted a 51 percent increase in net profit for the fourth quarter to $276 million up from $183 million last year. Revenue is up 3.9 percent to $2.48 billion from $2.39 billion last year. The semiconductor company is searching for new partners and projects slower sales for the first half of 2007.

Forecasts, trends, outlooks, Management dynamics, Management, Company business management, Company business forecast/projection, Company forecasts, Company overview, Financial report, Bozotti, Carlos

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Petroplus climbs 11 percent in debut

Article Abstract:

Petroplus Holdings AG of Switzerland has raised 2.52 billion Swiss Francs ($2.08 billion) on an initial public offering on the Zurich exchange. The petroleum industrial sold 40 million shares at 63 Francs ($52.07) per share to close at 69.95 Francs. Petroplus Holdings AG is planning to finance growth through acquisitions.

Financial management, Crude Petroleum and Natural Gas Extraction, Crude petroleum and natural gas, Crude Petroleum & Natural Gas, Securities issued, listed, Petroleum refining, Finance, Petroleum industry, Securities, Going public (Securities), Initial public offerings, Company securities, Company public offering, Company financing

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STMicro's profit falls, but sales climb 2.6%

Article Abstract:

STMicroelectronics N.V. of Switzerland posted a 2.1 percent fall in fourth quarter earnings, however, net profit was $183 million. Sales from the telecommunications unit were up over 2.6 percent (revenue up 14 percent) to $2.39 billion.

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