Analysts: Freescale poised for big Q1

Apr 7, 2014
Austin Business Journal

Analysts expect Freescale Semiconductor Inc. to have a good first quarter on the strength of the company's growing market share in the automotive industry, according to an Investor's Business Daily report published on Nasdaq.com. The company's first quarter revenue forecasts are between $1.07 billion and $1.11 billion


Freescale (NYSE: FSL) has been making greater inroads into the automotive industry, particularly in Japan,  ever since a 2011 earthquake disrupted Japanese auto manufacturing supply lines for sensors and electrical components increasingly present in cars


The report also touched on how the company is responding to the disappearance of Malaysia Airlines Flight MH370 from Kuala Lumpur to Beijing, currently the subject of an extensive investigation being carried out in the southern Indian Ocean. The flight was carrying 20 employees from Freescale's Malaysian and Chinese operations


Though company officials declined to comment further on the matter with Investor's Business Daily, the report did include opinion from RBC Capital Markets analyst Doug Freedman, who said the incident shouldn't affect Freescale's overall performance


"It won't impact their competitiveness in any way, shape or form," he said, noting that a group of 20 employees represents a "tiny fraction" of Freescale's global workforce of some 18,000. He said Freescale has a deep lineup of engineering talent that can step in and seamlessly pick up the slack in workload


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