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Freescale posts Q2 profit on rising sales

But growth slowing

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Motorola's soon-to-be-independent semiconductor operation, Freescale, saw sale rise five per cent sequentially and 31 per cent year-on-year, allowing the company to post a profit for its second quarter.

Sales for the three-month period totalled $1.46bn, up from Q1's $1.4bn and Q2 2003's $1.12bn.

The rising sales yielded a quarterly net income of $43m (15 cents a share), rather better than the $174m (63 cents a share) loss it reported this time last year, but down on Q1 2004's $106m (38 cents a share) - and that after $9m in separation expenses was taken into account.

Motorola last week announced it had cut Freescale's initial share price from $17.50-19.50 to $13. At that price, the sale will yield $1.58bn, of which $580m will go into Freescale's coffers. The chip company will also gain an opportunity to borrow $1.25bn from its parent. ®

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Motorola takes a hit on Freescale IPO price
Motorola files for Freescale IPO
Motorola taps Big Blue talent for chip biz
Motorola renames chip division Freescale
History repeated as Apple slams CPU supplier

Gartner critical capabilities for enterprise endpoint backup

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