STMicroelectronics reports that preliminary data show net revenues for Q1 2003 (ended March 29, 2003) are expected to be $1.618bn, just slightly below the low end of its guidance range of $1.620bn. Gross margin should be around 35%, below the bottom of the previous guidance range of 36%. ST says it experienced order push-outs in March relating to a number of its end markets, with the notable exception of digital consumer. It expects the majority of the affected products to be shipped in Q2 2003. Gross margin for Q1 2003 was penalised by greater-than-expected pricing pressure and a stronger Euro. Previous revenue guidance was given January 22, 2003. ST will report its full Q1 2003 earnings on April 23, 2003.

STMicroelectronics reports that preliminary data show net revenues for Q1
2003 (ended March 29, 2003) are expected to be $1.618bn, just slightly below
the low end of its guidance range of $1.620bn. Gross margin should be around
35%, below the bottom of the previous guidance range of 36%.
ST says it experienced order push-outs in March relating to a number of its
end markets, with the notable exception of digital consumer. It expects the
majority of the affected products to be shipped in Q2 2003. Gross margin for
Q1 2003 was penalised by greater-than-expected pricing pressure and a
stronger Euro. Previous revenue guidance was given January 22, 2003. ST will
report its full Q1 2003 earnings on April 23, 2003.