ST-Ericsson projected Q3 sales will be “flat” with sales in...
ST-Ericsson projected Q3 sales will be “flat” with sales in Q2 due to the economic crisis and the “industry environment.” Q2 sales for the joint venture of STMicroelectronics and Ericsson grew 19 percent from Q1 to $344 million, but were…
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down from $385 million in Q2 last year. Last quarter’s loss widened to $318 million from $221 million in Q2 last year. The revenue growth over Q1 reflected a “significant ramp of volumes” of the company’s NovaThor platforms shipping to “major customers,” ST-Ericsson said. CEO Didier Lamouche said the company ramped up the NovaThor ModAp platform with Samsung and Sony Mobile Communications and also “added several new Chinese key players.” The Xperia go smartphone became the fourth phone this year from Sony Mobile Communications to use the NovaThor platform, ST-Ericsson said. The company is “advancing” toward breakeven and “sustainable profitability,” Lamouche said. Q2 inventory declined by $38 million to $171 million, the company said. Two new Panasonic Eluga smartphones for the Japanese market use ST-Ericsson’s “power efficient” Thor M5780 thin modem, while a new Sharp Aquos smartphone is based on the power-efficient Thor M5730 and is shipping now in Japan, ST-Ericsson said.