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Freescale Semiconductor Announces Q1

AUSTIN, Texas — Freescale Semiconductor Holdings I, Ltd. today announced financial results for the first quarter ended April 1, 2011.

Highlights for the first quarter of 2011 include:

  • Net sales of $1.19 billion;
  • Trailing twelve month Adjusted EBITDA of $1.24 billion;
  • Cash and cash equivalents of $1.04 billion. “Our first quarter marked a solid start to the year with improvement in sales and margins,” said Rich Beyer, chairman and CEO. “We continue to strengthen our market leadership and are well positioned for continued improvement throughout 2011.”

    Read the full press release.

    {complink 2134|Freescale Semiconductor Inc.}

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