[Arm-netbook] ST Nova™ A9500
Bari Ari
bari at onelabs.com
Wed Jan 18 16:43:23 GMT 2012
Not sure how much longer ST-Ericsson will be around:
http://www.eetimes.com/electronics-news/4218103/How-long-ST-Ericsson-got
ST-Ericsson made a net loss of $221 million on sales revenue of $385
million in the second quarter.
Chief financial officer Tim Lucie-Smith agreed there would be "negative
cash flow in the coming quarters" and said the company's plan was for
the company to be funded by loans from its shareholders. There are no
plans to change that, he said. The shareholders are monitoring this on a
quarterly basis, Lucie-Smith said.
ST-Ericsson is suffering because Nokia is turning to Windows with
Qualcomm, and STE is not yet qualified, ST-Ericsson is suffering because
they are well placed in TD-SCDMA in China which is suffering a slow
ramp. The company is being squeezed in the middle between mobile chipset
suppliers such as Qualcomm and Samsung and the agile fabless chip
companies coming out of China and Taiwan
How many quarters of ramping debt will STMicroelectronics and Ericsson
tolerate as they themselves come under shareholder pressure?
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