According to Google finance: for the last six quarters, STM losses are considerable higher than the "unusual losses" due to ST-E. Hence, the problems are much deeper than just ST-E. STM spends 25% of its income to R&D, which is more than the double of industry average. Conclusion: its not just the losses associated with ST-E; there is more that is fundamentally wrong at STM.
What do readers think?
Has Carlo Bozotti done a good job as CEO of ST?
Has he taken too many risks -- such as the risk with the ST-Ericsson JV -- or not taken enough risks -- such as ST's gradual exit from leading-edge manufacturing with capex budgets at less than 10 percent of sales?
Should he get another term as CEO?