-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, EX6lgAGWhJZnBXWquz3rjf5B6IIPHe2RfEDHLcJLFOd2AYtWblG0opD7JgXywlyX I/tedDyBP7o54IW1wKjtqw== 0000947871-00-000243.txt : 20000324 0000947871-00-000243.hdr.sgml : 20000324 ACCESSION NUMBER: 0000947871-00-000243 CONFORMED SUBMISSION TYPE: 6-K PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20000320 FILED AS OF DATE: 20000323 FILER: COMPANY DATA: COMPANY CONFORMED NAME: STMICROELECTRONICS NV CENTRAL INDEX KEY: 0000932787 STANDARD INDUSTRIAL CLASSIFICATION: SEMICONDUCTORS & RELATED DEVICES [3674] IRS NUMBER: 000000000 STATE OF INCORPORATION: P7 FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 6-K SEC ACT: SEC FILE NUMBER: 001-13546 FILM NUMBER: 576156 BUSINESS ADDRESS: STREET 1: TECHNOPARC DU PAYS DE GEX BP 112 STREET 2: 165 RUE EDOUARD BRANLY, FRANCE CITY: 01630 ST GENIS POUIL STATE: I0 BUSINESS PHONE: 3350402640 MAIL ADDRESS: STREET 1: TECHNOPARC DU PAYS DE GEX BP 112 STREET 2: 165 RUE EDOUARD BRANLEY, FRANCE CITY: 01630 ST GENIX POUIL STATE: I0 FORMER COMPANY: FORMER CONFORMED NAME: SGS THOMSON MICROELECTRONICS NV DATE OF NAME CHANGE: 19950310 6-K 1 FORM 6-K 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 March 2000 STMicroelectronics N.V. ----------------------------------------------- (Translation of registrant's name into English) Route de Pre-Bois, ICC Bloc A, 1215 Geneva 15, Switzerland ---------------------------------------------------------- (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 --- --- [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 --- --- [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 March 20, 2000 announcing STMicroelectronics N.V.'s proposal for a cash dividend and 3-for-1 stock split to be proposed to shareholders at the annual general meeting. Page 1 of 4 PR No. C851H STMICROELECTRONICS TO PROPOSE CASH DIVIDEND AND 3-FOR-1 STOCK SPLIT AT ANNUAL SHAREHOLDERS' MEETING Expects Sequential Growth in First Quarter Earnings Geneva, March 20, 2000 - STMicroelectronics (NYSE:STM) announced that it will propose for shareholder approval at the annual shareholders' meeting, to be held on April 26 2000, the distribution of a $0.09 US per share dividend, an increase of 12.5% over last year's cash dividend payment, after adjustment for the 2-for-1 stock split effected on June 15, 1999. The Company also reported that it will propose a subsequent 3-for-1 stock split to be effective the day after the cash dividend payment date. Commenting on these proposals, Mr. Pasquale Pistorio, President and Chief Executive Officer said, "We have recommended the cash dividend increase in recognition of ST's solid earnings performance in 1999. The objective of the stock split proposal is to make our shares more accessible to a broader group of potential shareholders and to increase trading liquidity". STMicroelectronics also reported that based on current market conditions and information available to date, it anticipates revenues for the first quarter ending April 1, 2000 to surpass $1.6 billion, exceeding earlier expectations. Further, higher unit demand, increased capacity and improved product mix are expected to enable the Company to report a significant sequential increase in quarterly earnings per diluted share in the first quarter. In the fourth quarter of 1999, the Company reported earnings per diluted share of $0.62. Mr. Pistorio commented, "The market recovery and the unprecedented demand for ST's products have accelerated since we reported 1999 year-end earnings on January 20, 2000. First quarter 2000 financial performance is benefiting from additional internal capacity, greater use of external foundry sources and better pricing in memory products, particularly FLASH devices." STMicroelectronics will report its full financial results for the first quarter on April 18, 2000. STMicroelectronics 2/2 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 development and technological change, including acceptance of new products by particular market segments; 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 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 (formerly SGS-THOMSON Microelectronics) is a global independent semiconductor company, whose shares are traded on the New York Stock Exchange, on the Paris Bourse and on 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. - ----------- 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 5040 2540 alessandro.brenna@st.com mariagrazia.prestini@st.com ------------------------ - --------------------------- 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, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized. Date: March 23, 2000 STMicroelectronics N.V. By: /s/ Pasquale Pistorio ---------------------------------- Name: Pasquale Pistorio Title: President and Chief Executive Officer -----END PRIVACY-ENHANCED MESSAGE-----