Feeds

Freescale Q1 income soars

Prepares to IPO

  • alert
  • submit to reddit

Boost IT visibility and business value

Freescale - the chip maker formerly known as Motorola's Semiconductor Products Sector - saw operating income jump more than fourfold during the first three months of 2004 on the back of $1.4bn worth of sales.

The company's operating income reached $107m, up from the $25m it made in Q4 2003 and well up on the year-ago quarter's $121m loss.

Sequentially, sales were flat, but compared to Q1 2003, sales grew 21 per cent from $1.16m during Q1 2004.

Freescale attributed the improvement to strengthening networking and wireless markets. It's likely to boost the company's IPO pitch, which is due any day now, parent Motorola having announced earlier this year that the offering would take place in the Spring. The IPO is being underwritten by Goldman Sachs. ®

Related stories

Motorola renames chip division Freescale
Motorola chip launch paves way for 1.5GHz PowerBook G4

Boost IT visibility and business value

More from The Register

next story
iPad? More like iFAD: We reveal why Apple fell into IBM's arms
But never fear fanbois, you're still lapping up iPhones, Macs
Sonos AXES support for Apple's iOS4 and 5
Want to use your iThing? You can't - it's too old
Amazon says Hachette should lower ebook prices, pay authors more
Oh yeah ... and a 30% cut for Amazon to seal the deal
Philip K Dick 'Nazi alternate reality' story to be made into TV series
Amazon Studios, Ridley Scott firm to produce The Man in the High Castle
Too many IT conferences to cover? MICROSOFT to the RESCUE!
Yet more word of cuts emerges from Redmond
Joe Average isn't worth $10 a year to Mark Zuckerberg
The Social Network deflates the PC resurgence with mobile-only usage prediction
Chips are down at Broadcom: Thousands of workers laid off
Cellphone baseband device biz shuttered
Feel free to BONK on the TUBE, says Transport for London
Plus: Almost NOBODY uses pay-by-bonk on buses - Visa
Twitch rich as Google flicks $1bn hitch switch, claims snitch
Gameplay streaming biz and search king refuse to deny fresh gobble rumors
prev story

Whitepapers

Implementing global e-invoicing with guaranteed legal certainty
Explaining the role local tax compliance plays in successful supply chain management and e-business and how leading global brands are addressing this.
Consolidation: The Foundation for IT Business Transformation
In this whitepaper learn how effective consolidation of IT and business resources can enable multiple, meaningful business benefits.
Backing up Big Data
Solving backup challenges and “protect everything from everywhere,” as we move into the era of big data management and the adoption of BYOD.
Boost IT visibility and business value
How building a great service catalog relieves pressure points and demonstrates the value of IT service management.
Why and how to choose the right cloud vendor
The benefits of cloud-based storage in your processes. Eliminate onsite, disk-based backup and archiving in favor of cloud-based data protection.