More on Piper's upgrade of Freescale (FSL +10.6%): Analyst Gus Richard is raising his revenue...

|About: Freescale Semiconductor Inc. (FSL)|By:, SA News Editor
More on Piper's upgrade of Freescale (FSL +10.6%): Analyst Gus Richard is raising his revenue and gross margin forecasts, citing expectations of higher fab utilization and a bigger mix of high-margin RF/networking chip sales. He also thinks Freescale's efforts to restructure its debt/lower interest expense could yield additional EPS upside. Thanks to its P-E legacy, Freescale had $6.4B in debt on its balance sheet as of March 28, to go with $767M in cash. Shares +74% since Gregg Lowe was named CEO in June '12.