STMicroelectronics (STM) rises 4.4% in Paris after CEO Carlo Bozotti tells Le Figaro that he is...

|About: STMicroelectronics NV (STM)|By:, SA News Editor

STMicroelectronics (STM) rises 4.4% in Paris after CEO Carlo Bozotti tells Le Figaro that he is targeting order growth of 5-10% this year following an increase of 5% in Q1. The plan is to eventually achieve annual turnover of $9B (the figure was $8.49B in 2012). Bozotti notes that every 1% change in the euro-dollar rate "has an impact of €35M on operating profit per year."