If you want to know what makes Freescale Semiconductor
If you start with the revenue breakdown, it might look as if wireless and mobile solutions led the charge this time, gaining 19% to $540 million, while no other meaningful division saw more than a 10% increase year over year.
But what matters in the end is earnings. After subtracting operational costs, the wireless segment looks like a laggard, with a mere 2.6% improvement to $36 million in operating earnings. Networking systems jumped 46.4% on this line, and the transportation division's earnings shot up 97.3% to $144 million, making it the clear winner both proportionally and in absolute dollars.
But all of this will probably mean nothing to investors. Shareholders are set to vote on a proposed buyout to private-equity firms headlined by the Blackstone group, and the vote is widely expected to pass. The former Motorola
The conference call was full of exciting new product and partnership details, with collaborators like IBM
It's an exciting time indeed for Freescale, and I only wish I could benefit from all of this promise. But I'm late to the party, as the company will continue working on all of these projects, out of the public eye and our portfolios. Farewell, Freescale; we hardly knew ye.
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