Sales fall, losses grow at ST-Ericsson

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ST-Ericsson, reported Q1 2011 sales and profits at its lowest levels yet. Q1 2011 sales of $444m were down on Q4 2010 sales of $577m and on Q1 2010 sales of $606m. The Q1 2011 loss was $149m compared to the Q4 2010 loss of $119m and the Q1 2010 loss of $114m.

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