SAN FRANCISCO—Chip vendor STMicroelectronics NV Thursday (Nov. 15) issued a statement strongly denying the company is splitting up after an international news service reported that there was a proposal on the table to split the company up.
ST (Geneva) said it strongly denied the existence of a project would could "compromise the unity of the company" in a statement.
"Also, such a project has never been presented to the ST supervisory board," the statement read. "There is full alignment between the management of the company and the supervisory board of directors."
The Bloomberg news service reported Thursday that ST wouldprobably decide against splitting itself up after disagreements between French and Italian executives over a breakup proposal. According to Bloomberg, the break up proposal under consideration would have split ST between its analog and digital businesses.
Bloomberg, citing unnamed sources, said the proposal would likely be shelved in favor of small asset sales.
NASA has some of the best scientists and engineers in the world that are challenged to develop manned and unmanned exploration systems that can travel in deep space searching for an answer to “What is out there” while stretching our capabilities to beyond the limits of our imagination
I’ve been thinking about ethics recently, but not the generic kind represented by violations like taking a company pen home. And who among us can claim to be purists? I can’t—I have plenty of company pens laying around my office. And, truth-be-told, my war stories get more polished and elaborate each year. Let the stones in my glass house be unthrown.