ST's first quarter revenue fell to $1.66 billion in the first quarter, down 27 percent from the previous quarter and 33 percent compared with the same period of 2008, the company said.

ST (Geneva) posted a net loss for the quarter of $541 million, based on U.S. generally accepted accounting principles (GAAP), wider than the company's GAAP net losses of $366 million for the fourth quarter of 2008 and $84 million for the first quarter of 2008, ST said.

ST's loss per share for the first quarter, 62 cents, was greater than the 42 cents per share it lost in the fourth quarter of 2008 and the 9 cents per share it lost in the first quarter of last year, the company said.

Revenue declined year-over-year across all market segments, ST said, reflecting the global economic slowdown. Automotive revenue declined by 47 percent year-to-year, the company said, and computer market revenue was down 42 percent. Revenue was also down sequentially across all markets, the company said.

By: DocMemory
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