Embedded Systems Conference
Breaking News
Comments
Newest First | Oldest First | Threaded View
Page 1 / 3   >   >>
Carlos.Rodriguez_#1
User Rank
Author
re: Freescale files for $1.15 billion IPO
Carlos.Rodriguez_#1   4/5/2011 11:25:56 AM
NO RATINGS
My guess is that Blackstone wants to test the market for an eventual sale of FSC, maybe Intel will want to buy it considering they haven't been succesful in the evergrowing embedded market, and considering the Mobile/Embedded market is filled with rocket fuel vs the PC market. Will chip makers split among the different mobile ecosystems? Sooner or later they will... and will then know who will buy FSC.

cbbear
User Rank
Author
re: Freescale files for $1.15 billion IPO
cbbear   2/24/2011 12:05:55 PM
NO RATINGS
Some of the comments here seem to assume that the owners want to sell it because of the losses/debt. Actually, it is the opposite: Blackstone bought Freescale shares at $40, then put the debt of the buyout on Freescale itself. The company has been paying the debt of its own buyout back to Blackstone, therefore the red numbers, despite of being operationally profitable. Now Blackstone will make even more money by selling its shares (1.5B just part of it, how much not disclosed). These guys are smart, aren't they?

old account Frank Eory
User Rank
Author
re: Freescale files for $1.15 billion IPO
old account Frank Eory   2/18/2011 3:18:26 AM
NO RATINGS
yalanand & daleste, you guys are missing an important detail regarding Freescale's history: Freescale went public, not private, when it was spun out from Motorola. The first IPO was in 2004, at $13/share on the NYSE. Two years later, a consortium of private equity companies bought the company for $40/share in a leveraged buyout. The upcoming IPO will be the second time the company has gone public.

wilber_xbox
User Rank
Author
re: Freescale files for $1.15 billion IPO
wilber_xbox   2/18/2011 1:10:32 AM
NO RATINGS
why 1.5B only, if they want to pay the debt then they should raise more money. There is some strategy that Freescale is following and that is missing in this article.

mcgrathdylan
User Rank
Author
re: Freescale files for $1.15 billion IPO
mcgrathdylan   2/14/2011 5:55:23 PM
NO RATINGS
You can find the Freescale S-1 here: http://www.sec.gov/Archives/edgar/data/1392522/000119312511032381/ds1.htm

Semislave
User Rank
Author
re: Freescale files for $1.15 billion IPO
Semislave   2/14/2011 5:12:07 PM
NO RATINGS
Does it include a Cashflow statement? Would love to see that.

Tunrayo
User Rank
Author
re: Freescale files for $1.15 billion IPO
Tunrayo   2/14/2011 11:05:31 AM
NO RATINGS
I feel Freescale has been encouraged by the recent growth of NXP's stocks on the market. They are probably hoping to replicate the same success. I don't know how much of the company they are offering. Regardless, Freescale balance sheet looks pretty stinky. They have about $7.5b of debt but just over $4b in total assets (thus stockholders' equity is negative). They just paid about $950m in 2010 in interest and principal loan repayments. I don't know what they will do with the IPO money, but my guess is they will use it to pay off part of the $7.5b debt (the $1.5b will just go into the approx negative $5b equity blackhole). If they do, the debt goes down, but I estimate about $700m will still go down the drain as interest and loan payments in 2011. Freescale could be a successful company - barring the huge debt on their books. They are growing their sales and the gross margin is good. The private equity buyout destroyed the balance sheet of an otherwise healthy company.

Tunrayo
User Rank
Author
re: Freescale files for $1.15 billion IPO
Tunrayo   2/14/2011 10:33:49 AM
NO RATINGS
Private equity and LBO activities can sometimes wreck the balance sheets of companies. There is need for more government regulation in this regard. Now the company hopes to transfer toxic assets to unsophisticated investors in their IPO.

BalaLak
User Rank
Author
re: Freescale files for $1.15 billion IPO
BalaLak   2/14/2011 4:36:41 AM
NO RATINGS
Read the S-1 here: http://www.sec.gov/Archives/edgar/data/1392522/000119312511032381/0001193125-11-032381-index.htm The S-1 is grossly incomplete and it says: "The information contained in this prospectus is not complete and may be changed. We may not sell these securities until the registration statement filed with the Securities and Exchange Commission is effective. This prospectus is not an offer to sell these securities and we are not soliciting offers to buy these securities in any jurisdiction where the offer or sale is not permitted. Subject to Completion, Dated February 11, 2011"

wave.forest
User Rank
Author
re: Freescale files for $1.15 billion IPO
wave.forest   2/13/2011 10:32:29 PM
NO RATINGS
hahaha ... Next time, you need to write it clearer. It read very misleading.

Page 1 / 3   >   >>


Most Recent Comments
Susan Rambo
 
Joe164
 
TonyTib
 
rick merritt
 
m00nshine
 
Brian Fuller2
 
chip_maker
 
zeeglen
 
realjjj
Radio
NEXT UPCOMING BROADCAST

Drones are, in essence, flying autonomous vehicles. Pros and cons surrounding drones today might well foreshadow the debate over the development of self-driving cars. In the context of a strongly regulated aviation industry, "self-flying" drones pose a fresh challenge. How safe is it to fly drones in different environments? Should drones be required for visual line of sight – as are piloted airplanes? Join EE Times' Junko Yoshida as she moderates a panel of drone experts.

Brought to you by

July 16, 1pm EDT Thursday
IoT Network Shoot Out
Top Comments of the Week
Flash Poll
Like Us on Facebook

Datasheets.com Parts Search

185 million searchable parts
(please enter a part number or hit search to begin)
Special Video Section
LED lighting is an important feature in today’s and future ...
Active balancing of series connected battery stacks exists ...
After a four-year absence, Infineon returns to Mobile World ...
A laptop’s 65-watt adapter can be made 6 times smaller and ...
An industry network should have device and data security at ...
The LTC2975 is a four-channel PMBus Power System Manager ...
In this video, a new high speed CMOS output comparator ...
The LT8640 is a 42V, 5A synchronous step-down regulator ...
The LTC2000 high-speed DAC has low noise and excellent ...
How do you protect the load and ensure output continues to ...
General-purpose DACs have applications in instrumentation, ...
Linear Technology demonstrates its latest measurement ...
10:29
Demos from Maxim Integrated at Electronica 2014 show ...
Bosch CEO Stefan Finkbeiner shows off latest combo and ...
STMicroelectronics demoed this simple gesture control ...
Keysight shows you what signals lurk in real-time at 510MHz ...
TE Connectivity's clear-plastic, full-size model car shows ...
Why culture makes Linear Tech a winner.
Recently formed Architects of Modern Power consortium ...
Specially modified Corvette C7 Stingray responds to ex Indy ...