While Piazza Affari collapses, STMicroelectronics sinks. This morning the shares in Piazza Affari of the Italian-French company producing electronic components arrived at leave more than five points on the field, the worst in the entire Ftse Mib, which is also experiencing another day of passion, in the red by more than 2%.
Stm discounts on the Stock Exchange the sentence came from the international arbitral tribunal, which required the company to pay approx 59 million dollars to the Dutch NXP. The ruling regards a dispute for some supply costs to STM's wireless joint venture between 2008 and 2009 and will weigh on the results for the first quarter of 2012: Stm estimates that it will a negative impact on the gross margin of approximately 2,6 points.
As a result of this unexpected exceptional burden the company has lowered previously announced Q30,4 guidance to approximately XNUMX%, plus or minus 1,5 percentage points. The group is now hoping for a second arbitration pending before the same court, expected in June.
