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First quarter 2006 results at Freescale 20-04-06

Freescale reported for the first quarter 2006 net sales of $1.53 billion, compared to $1.48 billion in the fourth quarter of 2005 and $1.44 billion in the first quarter of 2005. Net earnings for the first quarter of 2006 were $212 million. Also included in the first quarter 2006 net earnings is an after-tax gain of $7 million. This compares to results, reported without option expense, of $192 million in the fourth quarter of 2005 and $85 million in the first quarter of 2005. The Transportation and Standard Products segment reported net sales of $653 million in the first quarter of 2006, compared to $649 million in the fourth quarter of 2005 and $646 million in the first quarter of 2005. The segment's operating earnings were $129 million in the first quarter of 2006 (20% of net sales), compared to $117 million in fourth quarter of 2005 and $96 million in the first quarter of 2005. The Networking and Computing Systems segment reported net sales of $351 million in the first quarter of 2006, compared to $338 million in the fourth quarter of 2005 and $349 million in the first quarter of 2005. The Wireless and Mobile Solutions segment reported net sales of $506 million in the first quarter of 2006, compared to $476 million in the fourth quarter of 2005 and $427 million in the first quarter of 2005.

 


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