STMicroelectronics Dominates Set-Top Box Revenues in 2000.Business Editors GENEVA--(BUSINESS WIRE)--July 26, 2001 STMicroelectronics (NYSE NYSE See: New York Stock Exchange : STM (Scanning Tunneling Microscope) A microscope that can image down to the atomic level. An STM uses a piezoelectric tube with a tiny sharp tip at the end that is moved within nanometers of the object being sampled. ) has once again been confirmed as the world's number one supplier of set-top box The cable TV box that sits on "top" of the TV "set," although it is often located several feet away in an equipment rack. The set-top box descrambles the premium channels and provides a tuner for the higher cable numbers that very old TVs did not support. (STB See set-top box. STB - set-top box ) and MPEG decoder Software or hardware that decompresses and renders MPEG-encoded data. Because MPEG uses lossy compression, the decoded images are not 100% identical to the original. In most cases however, the differences are not easily detectable. See MPEG. chips, according to according to prep. 1. As stated or indicated by; on the authority of: according to historians. 2. In keeping with: according to instructions. 3. recent studies(a) by independent market analysts Gartner and Cahners In-Stat. According to the In-Stat report, ST had the highest MPEG (Moving Pictures Experts Group) An ISO/ITU standard for compressing digital video. Pronounced "em-peg," it is the universal standard for digital terrestrial, cable and satellite TV, DVDs and digital video recorders (DVRs). video chip revenues for the third consecutive year, while the Gartner study confirmed not only that ST continued to dominate the market for STB chips but was also the leader in next-generation non-game digital consumer chips. In-Stat (http://www.instat.com) predicts that, while the market for MPEG chips will show only a 3% increase in unit shipments during 2001, it will grow to $3.3 billion by 2005, double the 2000 figure of $1.6 billion. The report confirms ST as the world number one in both unit shipments and revenue. In the Gartner study, ST emerges as the clear leader in STB chips, with a strong performance in digital cable, satellite and terrestrial STBs. ST's combined 2000 STB revenues of $579.0 million comfortably exceeded the combined sales of its two closest competitors ($285.7 and $220.0 million), according to the Gartner study. "The leading market analysts are unanimous in showing that ST continues to set the pace in STB and MPEG video chips. In the STB market, ST has both the best track record and the best roadmap," said Christos Lagomichos, General Manager of ST's Set Top Box Division. Gartner's study of the digital consumer market shows ST in fourth place worldwide, behind three Japanese companies that obtained by far the greatest part of their digital consumer revenue from supplying dedicated chips for the leading brands of games consoles. In the market for all other digital consumer products, including STBs, DVD players, Digital TV sets, MP3 players, and digital cameras and camcorders, ST's combined Year 2000 revenues of $717.3 million placed it at number one, with its closest competitors achieving sales of $669.0 and $532.7 million, according to the Gartner study. About STMicroelectronics STMicroelectronics is the world's third largest independent semiconductor company. The Company shares are traded on the New York Stock Exchange New York Stock Exchange (NYSE) World's largest marketplace for securities. The exchange began as an informal meeting of 24 men in 1792 on what is now Wall Street in New York City. , on Euronext Paris and on the Milan Stock Exchange Milan Stock Exchange The largest regional stock exchange in Italy, facilitating more than 90% of the country's trading volume. . 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 2000, the Company's net revenues were $7,813.2 million and net earnings were $1,452.1 million. Further information on ST can be found at www.st.com. (a) (1) Cahners In-Stat, "MPEG Video Chip Market" (No. MM0108DV), July 2001 (2) Gartner, "Consumer Electronics Semiconductor Market Share 2000", June 2001. |
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