Who can explain the following to me?
"For the full year 2010, Freescale posted net sales of $4.46 billion, up 27 percent from 2009. The company reported a net loss for the year of $1 billion, compared to a net income of $748 million for 2009. EBITDA for calendar year 2010 was $957 million, compared to $304 million in calendar year 2009."
It reads they were doing worse than 2009. Or, are they selling for loss?
The numbers look good but not by much and if you see their net income has gone down in fact. No doubt their revenue got boosted when the jumped on the Android bandwagon but they should come out with compelling products not just suitable options. Their tablet won the best device award at the CES this year so at least they are not as stupid as they are thought of.
I must say it is nice to hear about a company doing well! What I would love to know is: What is the magic sauce they used? Given the slow economy they are growing, a very impressive feat. Keep up the good work!
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