FSL: Freescale Semiconductor Inc. Market Currents Page 3

Quote & Headlines Market Currents StockTalk

All
| Earnings
| Dividends
| M&A
| On the move

Friday, October 21, 2011, 10:30 AM Freescale Semiconductor (FSL -6%) tanks following its Q3 report. While revenue of $1.14B (-7% Y/Y) and EPS of $0.29 beat by $12M and $0.06, the company guided on its call for Q4 revenue of $1B-$1.06B, below a $1.11B consensus. Like fellow chipmaker LLTC, Freescale cites weak industrial and telecom demand as reasons for its soft guidance. Comment! [Tech, Earnings, On the Move]
Wednesday, October 19, 2011, 2:56 PM ARM (ARMH) introduces the Cortex-A7, a low-end processor core aimed at enabling sub-$100 smartphones. The list of ARM licensees supporting the platform includes BRCM, TXN, and FSL. With Cortex chips carrying higher royalties than other ARM-based chips, the company benefits if the A7 expands the Cortex's addressable market. Comment! [Tech, Quick Ideas]
Monday, September 26, 2011, 12:02 PM Freescale Semiconductor Holdings (FSL -1.1%) ticks lower after cutting its sales outlook for Q3 due to weakness in its industrial and networking businesses. The warning is just the latest sign of weakness in the semiconductor space and follows similar guidance cuts from Altera (ALTR -1.2%) and Xilinx (XLNX -0.3%). Comment! [Tech, On the Move]
Monday, September 12, 2011, 7:33 AM Broadcom (BRCM) agrees to buy NetLogic Microsystems (NETL) for $3.7B in a definitive merger agreement expected to close in the first half of 2012. The firm calls the deal a "strategic fit" that should deliver financial results. Rivals in the space potentially seeing interest: LSI, CAVM, MRVL, VTSS, FSL, PMCS, AMCC. Comment! [M&A, Tech, Quick Ideas, On the Move]
Wednesday, August 24, 2011, 8:28 AM IC Insights expects the NAND flash memory market to post a 20% growth rate from 2008-2015; if accurate, this means Sandisk's (SNDK) healthy growth in recent quarters could continue for a while. The market for specialty analog chips and microcontrollers for automotive applications is also expected to outperform; that's a positive for IRF, FSL, and STM. (previously) Comment! [Tech, Quick Ideas]
Wednesday, August 24, 2011, 6:15 AM "There is a slowdown as we speak," Freescale Semi (FSL) CEO Rich Beyer says, adding, "The impact of the current turmoil in developed markets is going to be known only over a period of time." FSL had previously warned of weakness as industrial clients remain wary of spending. Comment! [Tech, Global & FX]
Monday, August 1, 2011, 2:08 PM Following soft Q2 data from many chip companies, the Semiconductor Industry Association (SIA) estimates Q2 chip sales fell 2% Y/Y. However, the SIA stands by its forecast for 5.4% full-year growth, and thinks new U.S. fuel economy standards will create opportunities. STM, FSL, NXPI, and ONNN are some chipmakers with meaningful auto industry exposure. Comment! [Tech, Quick Ideas]
Thursday, July 21, 2011, 8:33 AM Freescale Semiconductor (FSL) Q2 loss narrows on higher sales of microcontrollers and healthier gross margins, but the company gives a cautious view on Q3. Revenue for the next quarter is now expected to be flat to -3%. Shares -4% premarket. Comment! [Earnings, Tech, On the Move]
Thursday, May 26, 2011, 6:16 AM Freescale Semiconductor (FSL) underperformed already-reduced IPO expectations, selling 43.5M shares yesterday for $18 each and bringing in a total of $783M. The company, which at one point had hoped to raise $1.15B, recently cut the size of its expected offering to $870M in the face of tepid investor demand. Comment! [Tech]
Wednesday, May 25, 2011, 5:12 PM Freescale Semiconductor (FSL) cuts its IPO price by more than 15% to the $18-$20 range in the face of tepid investor interest, bringing the size of the offering down to $870M. The PE firms that took the company private in 2006 at $36.12/share stand to see a significant loss. Comment! [Tech, On the Move]
Wednesday, May 25, 2011, 12:18 PM While it seems like full speed ahead in social-media IPOs, other firms including Spirit Airlines (as SAVE) and Freescale Semiconductors (as FSL) are cutting back float terms in the face of weaker-than-hoped demand. Comment! [Tech]
Tuesday, December 21, 2010, 1:22 PM Wireless products maker Tessera Technologies (TSRA) is +7.4% after a U.S. appeals court ruled in its favor in a chip patent dispute with Qualcomm (QCOM) and other semiconductor vendors. Comment! [Tech]
Thursday, May 27, 2010, 2:11 PM The percentage of corporate bonds considered in distress posted its biggest weekly jump since November 2008. Bonds of MGM Mirage (MGM) and Freescale Semiconductor (FSL) joined the list this month. "It’s going to be really difficult for some of these companies to address their debt piles," one analyst says. "It becomes a downward spiral." Comment!
Tuesday, July 22, 2008, 3:05 PM Notable earnings after today's close: ANAD, BXP, BRCM, CHRW, ETFC, EW, FULT, FSL, ILMN, INFN, LLTC, NBR, NSC, ORLY, PTV, PNRA, PLT, RJF, SIAL, STM, USNA, VMW, WM, WCN, YHOO Comment!
Tuesday, July 22, 2008, 12:11 AM Notable earnings after Tuesday's close: ANAD, BXP, BRCM, CHRW, ETFC, EW, FULT, FSL, ILMN, INFN, LLTC, NBR, NSC, ORLY, PTV, PNRA, PLT, RJF, SIAL, STM, USNA, VMW, WM, WCN, YHOO Comment!

FSL Freescale Semiconductor Inc.

FSL

Freescale Semiconductor Inc.