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Wednesday, Jan 30
Freescale (FSL +17.4%) roars higher after easily beating Q4 estimates and providing Q1 guidance...
Freescale (FSL +17.4%) roars higher after easily beating Q4 estimates and providing Q1 guidance well above consensus. Sales of microcontrollers (strong uptake for ARM-based designs) and base station power amplifiers (lifted by China's 3G buildout) were healthy, offsetting weakness in network processor, analog/sensor, and automotive IC sales. The results appear a validation of new CEO Gregg Lowe's efforts to narrow Freescale's R&D focus and restructure. Pac Crest thinks margins could rise throughout 2013. (transcript)