FORM 6-K
SECURITIES AND EXCHANGE COMMISSION
Washington, DC 20549
REPORT OF FOREIGN PRIVATE ISSUER
PURSUANT TO RULE 13a-16 OR 15d-16 OF
THE SECURITIES EXCHANGE ACT OF 1934
For the month of June 2000
STMicroelectronics N.V.
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(Translation of registrant's name into English)
Route de Pre-Bois, ICC Bloc A, 1215 Geneva 15, Switzerland
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(Address of principal executive offices)
[Indicate by check mark whether the registrant files or will file
annual reports under cover of Form 20-F or Form 40-F]
Form 20-F X Form 40-F
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[Indicate by check mark whether the registrant by furnishing the
information contained in this Form is also thereby furnishing the information to
the Commission pursuant to Rule 12g3-2(b) under the Securities Exchange Act of
1934]
Yes No X
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[If "Yes" is marked, indicate below the file number assigned to the
Registrant in connection with Rule 12g3-2(b): 82-______]
Enclosure:
A press release dated June 21, 2000 announcing that STMicroelectronics
expects a significant sequential increase in its second quarter profits.
PR No. C891H
STMicroelectronics Expects Significant Sequential Increase in
Second Quarter Profits
Geneva, June 21, 2000 - STMicroelectronics (NYSE: STM) announced that while
revenues for the second quarter ending July 1, 2000 are expected to be in line
with expectations ST's gross margin could reach or exceed 45%, the new upper
limit of its optimal range. This is due to a combination of better manufacturing
efficiency because of higher fab utilization; better product mix; and enhanced
prices in selected product families.
Consequently, based on available information, the Company anticipates net
earnings will substantially exceed current consensus expectations.
ST's anticipated success in achieving significantly better-than-expected results
for the second quarter reflects very strong global demand for semiconductors
across all the Company's markets.
STMicroelectronics will report full financials for the second quarter on
Tuesday, July 18, 2000.
Some of the above statements are forward-looking statements that involve a
number of risks and uncertainties. In addition to factors discussed above, among
the other factors that could cause actual results to differ materially are the
following: general business and economic conditions such as possible future
financial turbulence; the cyclicality of the semiconductor and electronic
systems industries; capital requirements and the availability of funding;
competition; excess or obsolete inventory and variations in inventory valuation;
new product developments, including acceptance of new products by particular
market segments; new technology developments; manufacturing risks; changes in
customer order patterns, including loss of key customers, order cancellations or
reduced bookings; intellectual property developments; international events and
currency fluctuations; problems in obtaining adequate raw materials and/or other
supplies from third parties in sufficient quantities and on a timely basis and
the loss of key personnel. Unfavorable changes in the above or other factors
listed under "Risk Factors" from time to time in the Company's SEC reports,
including the Prospectus dated September 16, 1999 could materially affect the
Company.
STMicroelectronics 2/2
STMicroelectronics (formerly SGS-THOMSON Microelectronics) is a global
independent semiconductor company, whose shares are traded on the New York Stock
Exchange, on the ParisBourse and the Milan Stock Exchange. The Company designs,
develops, manufactures and markets a broad range of semiconductor integrated
circuits (ICs) and discrete devices used in a wide variety of microelectronic
applications, including telecommunications systems, computer systems, consumer
products, automotive products and industrial automation and control systems. In
1999, the Company's net revenues were $5.056 billion and net earnings were $547
million. Further information on ST can be found at www.st.com
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For further information, please contact:
STMicroelectronics
Maria Grazia Prestini Alessandro Brenna
Corporate Press Relations Manager Director of Investor Relations for Europe
Tel: +39.039.603.59.01 Tel: +33.4.50.40.24.78
Tel: +33.4.50.40.25.32 Fax: +33 4 5040 2580
Fax: +33.4.50.40.25.40 Alessandro.brenna@st.com
Mariagrazia.prestini@st.com ------------------------
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Morgen-Walke Europe
Lorie Lichtlen Jean-Benoit Roquette
Media Relations Investor Relations
Tel: +33.1.47.03.68.10 Tel: +33.1.47.03.68.10
llichtlen@mweurope.com jbroquette@mweurope.com
SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934,
STMicroelectronics N.V. has duly caused this report to be signed on its behalf
by the undersigned, thereunto duly authorized.
Date: June 27, 2000 STMicroelectronics N.V.
By: /s/ Pasquale Pistorio
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Name: Pasquale Pistorio
Title: President and Chief
Executive Officer