Feeds

Freescale earnings grow post-restructure

Business picking up

  • alert
  • submit to reddit

Top three mobile application threats

Freescale, Motorola's erstwhile chip division, saw its income jump during Q1 FY2005 as it started to put the cost of last year's layoffs behind it.

The quarter yielded sales of $1.44bn, up a mere fraction on the previous quarter's $1.43bn and the year-ago quarter's total, $1.4bn.

Income for the three-month period came to $85m (20 cents a share), well up on Q4 FY2004's $5m (one cent a share) but down 19.8 per cent on the $106m it posted this time last year. The previous quarter's earnings were blitzed by the cost of laying off 1,000-odd workers and costs arising from the split with Motorola.

The restructuring costs continued into Q1, with $18m coming off the bottom line. And the year-ago figure was boosted by a $54m gain from the sale of a Chinese chip-plant.

Freescale's gross margins topped 40.2 per cent during the quarter, up from 36.3 per cent in the year-ago quarter and 36 per cent in Q4 FY2004.

The company's computing products group saw sales grow from last quarter's $314m to $349m, though that's still below the year-ago quarter's level, $389m. The division continues to supply Apple with G4-class PowerPC microprocessors for the Mac maker's iBook and PowerBook laptop lines.

The wireless products business, by contrast, was up year on year, but down sequentially, with sales of $412m. That compares to $465m in the previous quarter and the $354m reported this time last year.

Looking to Q2, Freescale said it expects sales to lie between $1.38bn and $1.47bn. Margins will stay at around 40.2 per cent. ®

Related stories

IBM outs dual-core PowerPC
Apple utility 'confirms' dual-core PowerPC chip
Apple updates G4 PowerBooks with Bluetooth 2.0
Freescale licenses PowerVR MBX graphics core
Job cuts hit Freescale earnings
Dual-core IBM PowerPC 'to ship in single-core form'
Freescale 1000-worker cull to cost $65m

3 Big data security analytics techniques

Whitepapers

Mobile application security study
Download this report to see the alarming realities regarding the sheer number of applications vulnerable to attack, as well as the most common and easily addressable vulnerability errors.
3 Big data security analytics techniques
Applying these Big Data security analytics techniques can help you make your business safer by detecting attacks early, before significant damage is done.
The benefits of software based PBX
Why you should break free from your proprietary PBX and how to leverage your existing server hardware.
Securing web applications made simple and scalable
In this whitepaper learn how automated security testing can provide a simple and scalable way to protect your web applications.
Combat fraud and increase customer satisfaction
Based on their experience using HP ArcSight Enterprise Security Manager for IT security operations, Finansbank moved to HP ArcSight ESM for fraud management.