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  • pedrojose1967 pedrojose1967 Apr 7, 2010 1:42 PM Flag

    FREESCALES good news

    Freescale Semiconductor Holdings I, Ltd., (“the Company”) is electing to provide preliminary estimated unaudited selected results for the first quarter of 2010. The Company is providing this information on a one-time basis only and does not intend to update this information prior to its regularly scheduled first quarter conference call on April 22, 2010 and subsequent filings with the SEC.
    Revenue for the first quarter ended April 2, 2010 is estimated to be between $1.015 billion and $1.025 billion, compared to fourth quarter 2009 revenue of $951 million.
    EBITDA excluding the effects of purchase accounting and other items for the first quarter of 2010 is estimated to be between $185 million and $195 million, compared to fourth quarter 2009 EBITDA excluding the effects of purchase accounting and other items of $168 million. Please refer to the reconciliation of EBITDA excluding the effects of purchase accounting and other items to EBITDA to net loss below.
    The Company’s net loss in the first quarter of 2010 is estimated to be between $250 million and $270 million, compared to fourth quarter 2009 net loss of $114 million. This increased net loss was primarily due to (i) a non-cash benefit in the fourth quarter of 2009 of $271 million associated with a release of a U.S. tax valuation allowance that does not recur in the first quarter of 2010, which was partially offset by reorganization and other charges of $148 million in the fourth quarter of 2009 and (ii) the costs associated with the Company’s refinancing transaction completed in February 2010.
    Cash and cash equivalents as of April 2, 2010 were estimated to be approximately $1.2 billion, inclusive

 
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