This Day On The Street
Continue to site right-arrow
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
TheStreet Open House

STMicroelectronics N.V. Management Presents At Goldman Sachs Technology And Internet Conference (Transcript)

Stocks in this article: STM

STMicroelectronics N.V. ( STM)

Goldman Sachs Technology and Internet Conference

Feb 14, 2012 02:20 PM ET

Executives

Bob Krysiak- EVP and General Manager

Analysts

Simon Schafer - Goldman Sachs

Presentation

Simon Schafer - Goldman Sachs

Right. So in the interest of time maybe just kick off on STMicro. I'm Simon Schafer. I'm the covering analyst of ST in semi and Quadro. (inaudible) London and really great to have STMicro with us again, for a number of years. Bob Krysiak, EVP and General Manager of the U.S. for ST and then (inaudible), Investor Relations. Thanks so much guys for doing this again. Really appreciate it. And we'd heard from some of your competitors already, NXPTI at keynote. Broadcom as well talking about perhaps the stabilization in the underlying trends in the industry. Maybe to frame this debate, maybe just remind us as to what your own guidance is as to what you're seeing. I think Carlo Bozotti, your CEO talked about also some stabilization in the broader environment. Maybe give us your latest sense.

Bob Krysiak

Yes, I guess from an ST perspective, we see the market bottoming out. We don’t think things are going to get any worse for sure. The inventory situation in Q4 was high, particularly in the channel in Asia, U.S. and in Europe. I think it's gotten better. It will get better in Q1, not dramatically but better and we expect this to be the low point in the marketplace. I think in terms of production days in U.S. it will be a better situation for us in the channel. We expect to burn off more inventory than we certainly did in Q4, less vacations as I said to many analysts this morning and an improving situation from then on and our guidance was minus versus Q4, was minus 4 to minus 10. So obviously the normal decline I guess and Q1 is always the low point in the normal cycle anyway.

1 of 3

Select the service that is right for you!

COMPARE ALL SERVICES
Action Alerts PLUS
Try it NOW

Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
  • Weekly roundups
TheStreet Quant Ratings
Try it NOW
Only $49.95/yr

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
  • Upgrade/downgrade alerts
Stocks Under $10
Try it NOW

David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
  • Weekly roundups
Dividend Stock Advisor
Try it NOW

Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Alerts when market news affect the portfolio
  • Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Real Money Pro
Try it NOW

All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.

Product Features:
  • Real Money + Doug Kass Plus 15 more Wall Street Pros
  • Intraday commentary & news
  • Ultra-actionable trading ideas
Options Profits
Try it NOW

Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • 100+ monthly options trading ideas
  • Actionable options commentary & news
  • Real-time trading community
  • Options TV
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!
DOW 16,664.58 +203.26 1.23%
S&P 500 1,927.11 -14.17 -0.73%
NASDAQ 4,382.8470 -36.6310 -0.83%

Brokerage Partners

Rates from Bankrate.com

  • Mortgage
  • Credit Cards
  • Auto

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs