* Net comprehensive loss down 52 pct
* Sales rise 66 pct to $1.17 bln
* NXP has filed for $1.15 bln IPO
By Clare Baldwin and Jonathan Stempel
NEW YORK, May 4 Dutch company NXP
Semiconductors NV, whose parent is preparing a possible $1.15
billion U.S. initial public offering, said on Tuesday its
quarterly loss fell by more than half as sales improved.
NXP said its first-quarter net comprehensive loss fell 52
percent to $289 million from $598 million a year earlier. Sales
rose 66 percent to $1.17 billion.
The company said the results do not reflect its 60 percent
stake in Trident Microsystems Inc TRID.O, which bought some
television and set-top box operations from the company in
February, because Trident is on a different reporting
Private equity investors including Kohlberg Kravis Roberts
& Co [KKR.UL], Bain Capital, Silver Lake Partners, Apax and
AlpInvest Partners, own 80 percent of NXP. Koninklijke Philips
Electronics NV (PHG.AS) has a 20 percent stake.
The company filed for a U.S. IPO under the name Kaslion
Acquisition B.V., a holding company that plans to take the NXP
name after it goes public.
NXP said it will use proceeds from the IPO to repay debt.
Underwriters are led by Credit Suisse, Goldman Sachs & Co and
Morgan Stanley. KKR, though it can underwrite IPOs, is not
listed as an underwriter, regulatory filings show.
(Reporting by Clare Baldwin and Jonathan Stempel, editing by