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goafrit
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Manager
re: How long has ST-Ericsson got?
goafrit   7/25/2011 7:00:48 PM
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You are a genius. Not just the corp, but the CEO. It is too bad that Wall Street rejoices when people are kicked out.

vasanth kumar d
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Manager
re: How long has ST-Ericsson got?
vasanth kumar d   7/25/2011 1:11:58 PM
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NxP did a smart thing by selling it's wireless business unit to ST. They sold it because it is an added weight that pulls them down on one side. So the lesson is "one should get to equilibrium at any cost".

Neo10
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Rookie
re: How long has ST-Ericsson got?
Neo10   7/25/2011 2:29:09 AM
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Really tough for them with the uncertain economic climate adding to their sorrow. I think they started going downhill from the start of 2008 itself when the smartphones appearing on the scenes. Their STB market also isn't giving them the margins to keep other wireless chip designs going, so am keeping my fingers crossed on this one. They could be a prospective sale or candidate for split up as early as Q1-2012.

daleste
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CEO
re: How long has ST-Ericsson got?
daleste   7/24/2011 4:48:45 PM
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It's an all too familiar story. The large corporation loses its way and the employees suffer. Look for large layoffs as they try to find their core competence.

Kinnar
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CEO
re: How long has ST-Ericsson got?
Kinnar   7/24/2011 5:46:26 AM
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It will better help Ericsson if it focuses towards deploying new technologies on the switch side and promoting use of it as it has done fairly good on the control room/ network room electronics. If everyone will go behind tablet and smartphone market the switch room area will remain dry.

mranderson
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Rookie
re: How long has ST-Ericsson got?
mranderson   7/22/2011 11:55:36 PM
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It sounds like ST-Ericsson won't make it through 2012. Sharing the debt doesn't really help. For example, $450m was about half of ST's net cash flow in 2010.

Peter Clarke
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Blogger
re: How long has ST-Ericsson got?
Peter Clarke   7/22/2011 9:16:59 PM
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@iniewski Well remember the ramping debt is shared so it is only $450 million each for ST and Ericsson. And who knows it might be better than that. But that only 2011, what about the situation at the end of 2012? ST-Ericsson has already indicated 500 jobs are set to be "affected" by restructuring.

krisi
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CEO
re: How long has ST-Ericsson got?
krisi   7/22/2011 8:15:44 PM
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Interesting story Peter...I would tend to agree, this can't go as is for too long...Ericsson is big but bleeding $900M cash in one year must be painful even for them...I would expect dramatic scale down of R&D, and focus on getting sales of already designed chips...layoffs to follow? Kris

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