Related Blog Posts from the Wikinvest Wire

STMicroelectronics (STM) and Quantenna Communications, Inc. have come together to reveal a reference design for Wi-Fi set-top boxes (STBs) to enhance multi-room Digital Video Recorder (DVR) services. A multi-room DVR solution allows a subscriber to watch, record and delete their DVR programs from any room within the home. As per the agreement, STMicroelectronics’ STiH207 system on chip [...]

(RTTNews) - European chipmaker STMicroelectronics N.V. (STM: News ) on Monday reported a loss for the second quarter on lower revenues and margins. Adjusted loss per share was wider than analysts' expectations, while revenues matched their estimates. However, results improved on a sequential basis from the preceding first quarter. Looking ahead, [...]

Courtesy of Benzinga. TMicroelectronics (NYSE: STM) announced that, on April 5, 2012, it has been ordered to pay approximately $59 million to NXP Semiconductors Netherlands B.V. (NASDAQ: NXPI), following an award from an arbitration tribunal set up according to the rules of the [...]

Raytheon (NYSE:RTN) has completed the test flight of Small Tactical Munition Phase II.

A few items from overseas to start the week: Russia's Rostelecom made an M&A move last week, gaining regulatory approval to purchase Siberian provider Enter.  Enter provides access to 22K subscribers in Bernaul, Novokuznetsk, and Tyumen, which for those too lazy to load wikipedia each have a half million or a bit more in population. Hmmm, [...]

European stocks slid from an 11-week high as U.S. consumer confidence fell and a canceled finance ministers’ meeting fueled concern that the region’s leaders may struggle to resolve the debt crisis at a summit tomorrow. STMicroelectronics NV (STM) sank 7.4 percent as Europe’s largest semiconductor maker forecast sales that trailed estimates. Meyer Burger Technology AG (MBTN) lost 13 percent as [...]

Courtesy of Benzinga STMicroelectronics N.V. (NYSE: STM) is set to release its quarterly earnings results after the closing bell on Monday. Wall Street analysts have consensus EPS estimates of $0.22. The high target is set at $0.24 with a low estimate of $0.18. [...]

Raytheon Company (RTN) has tested a new 5-pound warhead for its Small Tactical Munition (STM), which is specifically designed to be used by the unmanned aircraft systems (UAS). The new warhead is manufactured by NammoTalley and is lighter than the current warhead. However, in comparison to the older designed warhead, the new warhead has significantly improved [...]

TomoTherapy Incorporated (NASDAQ: TOMO) was upgraded by William Blair from “market perform" to “outperform." TOMO's shares closed at $3.90 yesterday. Shares of TomoTherapy have moved up 1.83% this year. Macquarie upgraded Legg Mason Inc (NYSE: LM) from “neutral” to “outperform” LM's shares closed at $30.58 yesterday. Shares of Legg Mason have moved up 1.76% so far this year. Cowen & Co upgraded Savient Pharmaceuticals Inc (NASDAQ: SVNT) from "neutral" to "outperform." SVNT's...

STMicroelectronics N.V. (STM) announced that together with its partners Intel Corp. (INTC) and Francisco Partners, it has entered into a definitive agreement with Micron Technology Inc. (MU), in which Micron will acquire Numonyx Holding B.V. in an all-stock transaction. The Flash memory joint venture was created by the partners on Mar 30, 2008. This transaction ensures [...]

Micron Technology (MU) shares are off 6% today, on last night's news that they will acquire Numonyx for about $1.27billion in an all-stock deal. Put simply, the deal's rationale is to expand Micron's product breadth while allowing for accretion in a reasonable time frame - it looks like they achieved both. Micron shares are down, however, as the entire transaction will be financed by issuing about 140million new shares (or up to 150 million shares depending on where MU stock trades...

STMicroelectronics NV (STM) reported fourth quarter 2009 earnings from continuing operations of 4 cents per share, beating the Zacks Consensus Estimate of 2 cents. ST's net revenues for the fourth quarter of 2009 total $2,583 million and include sales recorded by ST-Ericsson as consolidated by ST. Net revenues increased 13.6% sequentially, reflecting an increase in demand [...]

STMicroelectronics NV (STM) announced changes in its global sales and marketing organization. The move, which will be effective January 1, 2010, will consolidate ST's regions in Asia to two: Greater China & South Asia, Japan & Korea. The Greater China and South Asia region will be led by Corporate Vice President Francois Guibert, who has guided [...]

STMicroelectonics NV (STM) reported third quarter 2009 net loss of $201 million, or 23 cents per share, compared to a net loss of $318 million and $289 million in the prior quarter and year-ago periods, respectively. This was lower than the Zacks Consensus Estimate of a loss of 9 cents per share. ST’s net revenues for [...]

Merrill Writedown; STM Surprises; Longtop IPO Soars; Glaxo Cuts Costs; VW Deal Cleared Merrill Lynch & Co. Inc. (MER) yesterday (Wednesday) took $7.9 billion in mortgage-related writedowns  - $3.5 billion more than the company predicted only two weeks ago - for the third quarter, [...]