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Stock Market & Financial Investment News

News Breaks
April 7, 2014
08:04 EDTFSLFreescale to buy Mindspeed ARM processor business from MACOM
Freescale Semiconductor has entered into a definitive agreement to purchase the Comcerto CPE communications processor business of Mindspeed Technologies. This business includes a series of multicore, ARM-based embedded processors and associated software, a talented team, and Tier One customers spanning the globe. Obtained by M/A-COM Technology Solutions Holdings, or MACOM, when it acquired Mindspeed, the acquired business includes the Comcerto 100, 1000 and 2000 product families. The company said the transaction will enhance Freescale’s leadership position in multicore processors, and extend the company’s product portfolio. As part of the agreement, members of the business will join Freescale. The closing of the transaction is subject to customary closing conditions and is expected to close in Q2. Terms of the deal were not disclosed.
News For FSL From The Last 14 Days
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July 30, 2014
11:22 EDTFSLOptions with decreasing implied volatility
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10:00 EDTFSLOn The Fly: Analyst Upgrade Summary
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05:35 EDTFSLFreescale upgraded to Equal Weight from Underweight at Morgan Stanley
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July 24, 2014
16:25 EDTFSLFreescale sees Q3 sales $1.19B-$1.23B, consensus $1.2B
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16:24 EDTFSLFreescale reports Q2 adjusted EPS 38c, consensus 37c
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July 23, 2014
14:14 EDTFSLFollow-up: Freescale downgraded at Needham
As previously reported, Needham downgraded Freescale to Hold from Strong Buy. The firm downgraded shares citing the China 4G LTE inventory correction. overall softness in networking, and risk of lowered guidance.
14:06 EDTFSLFreescale downgraded to Hold from Buy at Needham

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