Freescale Joins Motorola in Purgatory (MOT)

Banking, finance, and taxes

Published: October 2, 2008 3:17 pm

Freescale announced that it is exploring strategic options for its cellular handset business and intends to complete a sale, joint venture agreement or other transaction in the coming months. Former corporate parent Motorola (NYSE: MOT) agreed to provide certain consideration in exchange for Freescale eliminating the remaining minimum purchase commitments. Freescale now expects its cellular handset revenues and total operating earnings to decrease beginning in the fourth quarter.

Freescale used to be part of Motorola before Motorola spun it off.Those were worrisome times even then, particularly as several employeeson a plane called their soon-to-be employer "Freefall." The ghostof Motorola doesn’t go away.

Jon C. Ogg
October 2, 2008

Are You Still Paying With a Debit Card?

The average American spends $17,274 on debit cards a year, and it’s a HUGE mistake. First, debit cards don’t have the same fraud protections as credit cards. Once your money is gone, it’s gone. But more importantly you can actually get something back from this spending every time you swipe.

Issuers are handing out wild bonuses right now. With some you can earn up to 5% back on every purchase. That’s like getting a 5% discount on everything you buy!

Our top pick is kind of hard to imagine. Not only does it pay up to 5% back, it also includes a $200 cash back reward in the first six months, a 0% intro APR, and…. $0 annual fee. It’s quite literally free money for any one that uses a card regularly. Click here to learn more!

Flywheel Publishing has partnered with CardRatings to provide coverage of credit card products. Flywheel Publishing and CardRatings may receive a commission from card issuers.