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?
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."
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.
As we unveil EE Times’ 2015 Silicon 60 list, journalist & Silicon 60 researcher Peter Clarke hosts a conversation on startups in the electronics industry. Panelists Dan Armbrust (investment firm Silicon Catalyst), Andrew Kau (venture capital firm Walden International), and Stan Boland (successful serial entrepreneur, former CEO of Neul, Icera) join in the live debate.