Business Context and Reporting Period
This Form 6-K filing by STMicroelectronics N.V. covers the period ending March 22, 2002. The report primarily announces the Company's admission into the Italian MIB 30 Index, effective March 18, 2002. STMicroelectronics is described as the world's third largest independent semiconductor company, with shares traded on the NYSE, Euronext Paris, and the Milan Stock Exchange.
Key Financial Metrics
The filing references historical financial data from the 2001 fiscal year but does not provide specific financial results for the current reporting period (March 2002).
- 2001 Net Revenues: $6.36 billion
- 2001 Net Earnings: $257.1 million
- MIB 30 Weighting: 7.25% (6th largest company on the index)
- Current Period Metrics: The filing text does not provide a clear value for revenue, profit, cash flow, margins, debt, or liquidity for the period ending March 2002.
Material Changes
The primary material change reported is the inclusion of STMicroelectronics in the MIB 30 Index, which comprises the 30 leading stocks on the Milan Stock Exchange based on market capitalization and liquidity. This marks a significant milestone in the Company's presence on the Italian market, following its listing on the Milan Stock Exchange in 1998.
Outlook and Management Commentary
Management commentary focuses on the Company's strategic positioning as a global leader in System-on-Chip (SoC) technology and convergence markets. The press release highlights the Company's combination of silicon and system expertise, manufacturing strength, and intellectual property portfolio. No specific forward-looking guidance, risk factors, or contingencies regarding future financial performance are detailed in this specific filing.
Investor Verification Checklist
- Verify the impact of the MIB 30 inclusion on trading liquidity and institutional investor interest.
- Review the most recent quarterly or annual report (Form 20-F) for updated 2002 financial performance, as this filing only cites 2001 historical data.
- Confirm the Company's current ranking among global semiconductor manufacturers, as the text cites the "third largest" status based on 2001 data.
- Check for subsequent filings regarding the Company's performance in the convergence markets mentioned in the press release.