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China & Automotive Steady Freescale's Q3 Growth

10/25/2013 05:35 PM EDT
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Kinnar
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Freescale has very diversified product range
Kinnar   10/26/2013 9:08:24 AM
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Freescale has a wide range of the products available in their portfolio along with a focus toward the new developing trends in Automotive, MEMS, IoT and lot more. Especially they are now having a focus on the developing Asian Markets. This will be a helping a continuous growth.

rick merritt
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Re: Freescale has very diversified product range
rick merritt   10/26/2013 10:36:54 AM
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Looks like one of those lucky quarters where everything was up in its diversified portfolio.

The LTE build out has certainly been a high spot for many chip and gear makers.

daleste
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Re: Freescale has very diversified product range
daleste   10/26/2013 1:30:47 PM
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Good to see Freescale doing well.  Hope it continues and they can pay off their debt.

Susan Rambo
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Re: Freescale has very diversified product range
Susan Rambo   10/26/2013 3:45:25 PM
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Yes, on the call the Freescale execs kept saying they're taking it "quarter by quarter" --  they seemed cautiously optimistic. The company is chipping away at its debt. In his statement on the earnings call, Freescale's CFO Alan Campbell said Freescale "recalled of a use of approx $100 million of cash to redeem most of remaining 2014 maturities. The annual interest savings assoc with this transaction was aprox 9 million. In addition, completed another refinancing of 2018 debt with associated cash interest savings of 26 million. This leaves us with about 90% of debt maturing in 2018 and beyond. Year-to-date we have reduced our annualized cash interest by approximately $50 million and we will continue to use cash to delever and be opportunitistic in refinancing some of our high coupon debt."

Sanjib.A
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Re: Freescale has very diversified product range
Sanjib.A   10/26/2013 10:49:54 PM
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I think Freescale has its footprint majorly into the industrial and automotive domain, rather than into the commercial phone/tab/PC business. Last few quarters were pretty bad for the industry. I am not a market analyst, but looking at the Freescale results this time can we make an assumption that things are getting positive in core industries and automotive? 

Kinnar
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Re: Freescale has very diversified product range
Kinnar   10/27/2013 9:21:17 AM
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@Sanjib, Yes the core and automotive industries connected result of Freescale results are good, but we can not predict about the entire industrial segment, but yes for Freescale it is good.

@Susan, It's a race, may be slow and steady will win...

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