ST's Q1 sales fall 10.5%, profit down 40%.

[news]

ST reported Q1 2011 sales of $2.54bn down 10.5% from the $2.8bn of Q4 2010, while Q1 2011 operating income fell over 40% to $142m from the $245m of Q4 2010. The Q1 operating margin slipped to 5.6% from the Q4 margin of 8.7%.

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