Sylvie Barak, EETimes
2/15/2012 3:54 PM EST
MOUNTAIN VIEW, Calif.--French-Italian electronics manufacturer STMicroelectronics N.V. needs to act drastically if it is to halt its alarming profit slide and retreat into the periphery of the semiconductor space, according to financial analysts at Arete Research Services.
“In our view, the time has come for major changes among senior management, governance and the structure of the business,†said Arete in a note to investors this week, suggesting that only a demerger splitting the analog and industrial side of the business from the consumer/digital elements, coupled with more focus on efficiency would create value.