Freescale cuts its sales forecast

Freescale cuts its sales forecast

The U.S. chipmaker Freescale has lowered its sales forecast for the current quarter. The transaction is not expected to be 3 percent lower than in the previous quarter, but probably 6 to 8 percent, it said in a statement. The company is responding to weaker demand in the industrial and business networks. The gross margin will be but slightly higher than that of the previous quarter, the company said further.

In the previous quarter, which ended with June, Freescale had put 1.22 billion U.S. dollars and generates a gross margin of 42.3 percent. The bottom line was a net loss of 168 million U.S. dollars. Freescale also competitors in the market for analog chips, Texas Instruments and Analog Devices have, according to the Bloomberg financial news agency recently acknowledged that they would not achieve the sales targets for the current quarter is expected. Analysts have assumed that the industry was stabilizing now, but still was not stable, so will probably have to Freescale in the coming quarter to cut back its forecast.

Freescale was once part of Motorola until it was spun off 2004th In 2006, the chip manufacturer went to financial investors. You burdening the company - as usual with such deals - to the majority of the purchase price of 17.6 billion dollars in debt. Additional problems for the slack provided at key customer Motorola and the economic crisis. In May, the company went for a price of $ 18 per share on the stock market. Currently, the paper quoted at $ 12.