Freescale Semiconductor Looks For Wireless To Improve
ATHENS -(Dow Jones)- Freescale Semiconductor Inc. (FSL) is hopeful that its wireless business will show improved results in the third quarter, Chief Executive Michel Mayer said Monday.
"There is a reason why we separated Freescale from Motorola," Mayer said, speaking at a conference here.
"You will see our results on Thursday and you will see that the wireless isn't doing that bad," Mayer said.
Freescale was spun off by Motorola Inc. (MOT) in 2004 after serving as the in-house chip supplier to the world's No. 2 mobile phone maker for more than 50 years. It ranks as the U.S.' third-largest chip maker behind Intel Corp. (INTC) and Texas Instruments Inc. (TXN).
Freescale's wireless and mobile solutions segment reported net sales of $401 million in the second quarter, up from $400 million in the year-earlier period. It generated operating income of $5 million in the second quarter, compared with an operating loss of $43 million in the year-earlier period.
-By Kakia Papadopoulou, Dow Jones Newswires; 30 210 3312 881; kakia.papadopoulou@dowjones.com
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Posted to the site on 17th October 2005