STMicroelectronics Reports 2008 Fourth Quarter and Full Year Revenues and Earnings

Such forward-looking statements are subject to various risks and uncertainties, which may cause actual results and performance of our business to differ materially and adversely from the forward-looking statements. Such forward-looking statements can be identified by the use of forward-looking terminology such as "believes," "may," "will," "should,", "would be" or "anticipates" or similar expressions or the negative thereof or other variations thereof, or by discussions of strategy, plans or intentions. Some of the risk factors we face are set forth and are discussed in more detail in "Item 3. Key Information--Risk Factors" included in our Annual Report on Form 20-F for the year ended December 31, 2007, as filed with the SEC on March 3, 2008. Should one or more of these risks or uncertainties materialize, or should underlying assumptions prove incorrect, actual results may vary materially from those described in this release as anticipated, believed or expected. We do not intend, and do not assume any obligation, to update any information or forward-looking statements set forth in this release to reflect subsequent events or circumstances.

Unfavorable changes in the above or other factors listed under "Risk Factors" from time to time in our SEC filings, including our Form 20-F, could have a material adverse effect on our results of operations or financial condition.

Conference Call Information

The management of STMicroelectronics will conduct a conference call on January 28, 2009 at 9:00 a.m. U.S. Eastern Time / 3:00 p.m. CET, to discuss operating performance for the fourth quarter and full year of 2008.

The conference call will be available via the Internet by accessing the following Web address: http://investors.st.com. Those accessing the webcast should go to the Web site at least 15 minutes prior to the call, in order to register, download and install any necessary audio software. The webcast will be available until February 6, 2009.

About STMicroelectronics

STMicroelectronics is a global leader in developing and delivering semiconductor solutions across the spectrum of microelectronics applications. An unrivalled combination of silicon and system expertise, manufacturing strength, Intellectual Property (IP) portfolio and strategic partners positions the Company at the forefront of System-on-Chip (SoC) technology and its products play a key role in enabling today's convergence markets. The Company's shares are traded on the New York Stock Exchange, on Euronext Paris and on the Milan Stock Exchange. Further information on ST can be found at www.st.com.



    STMicroelectronics N.V.
    CONSOLIDATED BALANCE SHEETS


    As at                           December 31, September 27, December 31,
    In million of U.S. dollars          2008          2008         2007
                                        ----          ----         ----
                                     (Unaudited)  (Unaudited)    (Audited)
                                     -----------  -----------    ---------

    ASSETS
    ======
    Current assets:
    Cash and cash equivalents           1,009           868        1,855
    Marketable securities                 651           726        1,014
    Trade accounts receivable, net      1,064         1,520        1,605
    Inventories, net                    1,840         1,787        1,354
    Deferred tax assets                   233           252          205
    Assets held for sale                    0             0        1,017
    Receivables for transactions
     performed on behalf, net               0            72
    Other receivables and assets          685           694          612
                                          ---           ---          ---
    Total current assets                5,482         5,919        7,662

    Goodwill                              958         1,030          290
    Other intangible assets, net          863           904          238
    Property, plant and
     equipment, net                     4,739         5,065        5,044
    Long-term deferred tax assets         373           370          237
    Equity investments                    510           691            0
    Restricted cash                       250           250          250
    Non-current marketable securities     242           297          369
    Other investments and
     other non-current assets             477           458          182
                                                              ---                      ---                    ---
                                                                                8,412                  9,065                6,610
        Total  assets                                              13,894                14,984              14,272
                                                                              ------                ------              ------

        LIABILITIES  AND  SHAREHOLDERS'  EQUITY
        ====================================
        Current  liabilities:
        Bank  overdrafts                                                20
        Current  portion  of  long-term  debt          123                        63                    103
        Trade  accounts  payable                                847                  1,156                1,065
        Other  payables  and  accrued
          liabilities                                                    996                  1,165                    744
        Dividends  payable  to
          shareholders                                                    79                      163                        0
        Deferred  tax  liabilities                              28                        19                      11
        Accrued  income  tax                                        106                      142                    154
                                                                                    ---                      ---                    ---
        Total  current  liabilities                      2,199                  2,708                2,077

        Long-term  debt                                            2,554                  2,487                2,117
        Reserve  for  pension  and
          termination  indemnities                            332                      301                    323
        Long-term  deferred  tax
          liabilities                                                      27                      109                      14
        Other  non-current  liabilities                  350                      323                    115
                                                                                    ---                      ---                    ---
                                                                                3,263                  3,220                2,569
        Total  liabilities                                      5,462                  5,928                4,646
        Commitment  and  contingencies
        Minority  interests                                        276                      290                      53
        Common  stock  (preferred  stock:
          540,000,000  shares  authorized,
          not  issued;  common  stock:  Euro  1.04
          nominal  value,  1,200,000,000
          shares  authorized,  910,307,305
          shares  issued,  874,276,833  shares
          outstanding)                                              1,156                  1,156                1,156
        Capital  surplus                                          2,324                  2,311                2,097
        Accumulated  result                                    4,064                  4,444                5,274
        Accumulated  other
          comprehensive  income                              1,094                  1,276                1,320
        Treasury  stock                                              -482                    -421                  -274
                                                                                  ----                    ----                  ----
        Shareholders'  equity                                8,156                  8,766                9,573
                                                                                -----                  -----                -----
        Total  liabilities  and
          shareholders'  equity                            13,894                14,984              14,272
                                                                              ------                ------              ------



        STMicroelectronics  N.V.
        Consolidated  Statements  of  Income
        (in  million  of  U.S.  dollars,  except  per  share  data  ($))

                                                                                                          Three  Months  Ended
                                                                                                          ------------------
                                                                                                      (Unaudited)    (Unaudited)
                                                                                                      -----------    -----------
                                                                                                      December  31,  December  31,
                                                                                                              2008                  2007
                                                                                                              ----                  ----

        Net  sales                                                                                    2,264                2,733
        Other  revenues                                                                                12                        9
                                                                                                                    --                        -
            NET  REVENUES                                                                          2,276                2,742
        Cost  of  sales                                                                          -1,454              -1,731
                                                                                                            ------              ------
            GROSS  PROFIT                                                                              822                1,011
        Selling,  general  and  administrative                                  -304                  -295
        Research  and  development                                                        -572                  -480
        Other  income  and  expenses,  net                                                  6                      28
        Impairment,  restructuring  charges  and  other
          related  closure  costs                                                              -91                  -279
                                                                                                                  ---                  ----
            Total  Operating  Expenses                                                    -961              -1,026
                                                                                                                ----              ------
            OPERATING  LOSS                                                                        -139                    -15
        Other-than-temporary  impairment  charge  on
          financial  assets                                                                        -55                    -46
        Interest  income,  net                                                                      3                      25
        Earnings  (loss)  on  equity  investments                              -204                        2
        Gain  on  financial  assets                                                            15                        0
                                                                                                                    --                        -
            LOSS  BEFORE  INCOME  TAXES
              AND  MINORITY  INTERESTS                                                      -380                    -34
        Income  tax  benefit                                                                          9                      55
                                                                                                                      -                      --
            INCOME  (LOSS)  BEFORE  MINORITY  INTERESTS                      -371                      21
        Minority  interests                                                                          5                      -1
                                                                                                                      -                      --
            NET  INCOME  (LOSS)                                                                  -366                      20
                                                                                                                ====                      ==

          EARNINGS  (LOSS)  PER  SHARE  (BASIC)                                  -0.42                  0.02
            EARNINGS  (LOSS)  PER  SHARE  (DILUTED)                            -0.42                  0.02

            NUMBER  OF  WEIGHTED  AVERAGE
            SHARES  USED  IN  CALCULATING
              DILUTED  INCOME  (LOSS)  PER  SHARE                                  878.1                904.2



        STMicroelectronics  N.V.
        Consolidated  Statements  of  Income
        (in  million  of  U.S.  dollars,  except  per  share  data  ($))

                                                                                                        Twelve  Months  Ended
                                                                                                        -------------------
                                                                                                      (Unaudited)      (Audited)
                                                                                                      -----------      ---------
                                                                                                      December  31,  December  31,
                                                                                                              2008                  2007
                                                                                                              ----                  ----

        Net  sales                                                                                    9,792                9,966
        Other  revenues                                                                                50                      35
                                                                                                                    --                      --
            NET  REVENUES                                                                          9,842              10,001
        Cost  of  sales                                                                          -6,282              -6,465
                                                                                                            ------              ------
            GROSS  PROFIT                                                                          3,560                3,536
        Selling,  general  and  administrative                              -1,187              -1,099
        Research  and  development                                                    -2,152              -1,802
        Other  income  and  expenses,  net                                                62                      48
        Impairment,  restructuring  charges  and  other
          related  closure  costs                                                            -481              -1,228
                                                                                                                ----              ------
            Total  Operating  Expenses                                                -3,758              -4,081
                                                                                                            ------              ------
            OPERATING  LOSS                                                                        -198                  -545
        Other-than-temporary  impairment  charge  on
          financial  assets                                                                      -138                    -46
        Interest  income,  net                                                                    51                      83
        Earnings  (loss)  on  equity  investments                              -553                      14
        Gain  on  financial  assets                                                            15                        0
                                                                                                                    --                        -
            LOSS  BEFORE  INCOME  TAXES
              AND  MINORITY  INTERESTS                                                      -823                  -494
        Income  tax  benefit                                                                        43                      23
                                                                                                                    --                      --
            LOSS  BEFORE  MINORITY  INTERESTS                                        -780                  -471
        Minority  interests                                                                        -6                      -6
                                                                                                                    --                      --
            NET  LOSS                                                                                    -786                  -477
                                                                                                                ====                  ====

            LOSS  PER  SHARE  (BASIC)                                                      -0.88                -0.53
            LOSS  PER  SHARE  (DILUTED)                                                  -0.88                -0.53

            NUMBER  OF  WEIGHTED  AVERAGE
            SHARES  USED  IN  CALCULATING
              DILUTED  LOSS  PER  SHARE                                                    892.0                898.7
 

Web site: http://www.st.com/



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