AUSTIN, Texas — (BUSINESS WIRE) — June 21, 2011 — In connection with its annual financial analyst meeting, Freescale Semiconductor (NYSE: FSL) confirmed its outlook for the second quarter ending July 1, 2011. Based on current estimates, the company expects to achieve its previous guidance of sequential improvement in both revenues and gross margins.
The company plans to report its second quarter results on July 20, 2011.
The analyst meeting is being hosted by Rich Beyer, chairman and CEO of Freescale and Alan Campbell, Chief Financial Officer. Business presentations will be given by Reza Kazerounian, general manager microcontrollers; Lisa Su, general manager networking & multimedia; Tom Deitrich, general manager RF, analog & sensors; and Henri Richard, Chief Sales and Marketing Officer.
The meeting is being Webcast live. Visit www.freescale.com/investor to access the broadcast. Click on the Webcast link at least 15 minutes prior to the start time. A replay will be available after the conclusion of the live Webcast.
Cautionary Note Regarding Forward-Looking Statements
This press release includes forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These statements relate to estimates and financial results and other statements that are not historical fact. Although we believe the assumptions upon which these forward-looking statements are based are reasonable, any of these assumptions could prove to be inaccurate and the forward-looking statements based on these assumptions could be incorrect. Actual results and trends in the future may differ materially from those suggested or implied by the forward-looking statements depending on a variety of factors. Some of these factors include market conditions, customary closing conditions and such other risk factors as may be discussed in the Company's filings with the Securities and Exchange Commission. We undertake no obligation to update any information contained in this press release.
About Freescale Semiconductor
Freescale Semiconductor (NYSE: FSL) is a global leader in the design and manufacture of embedded semiconductors for the automotive, consumer, industrial and networking markets. The company is based in Austin, Texas, and has design, research and development, manufacturing and sales operations around the world. www.freescale.com
Freescale(TM) and the Freescale logo are trademarks of Freescale Semiconductor, Inc. All other product or service names are the property of their respective owners. © Freescale Semiconductor, Inc. 2011.