Fairchild Semiconductor Raises Guidance for the First Quarter 2006
March 07 2006 - 7:30AM
Business Wire
Fairchild Semiconductor (NYSE:FCS) the leading supplier of high
performance products that optimize power, today raised guidance for
first quarter 2006 revenue to increase about 9% sequentially, up
from its prior guidance for an increase of 5 - 7%. "Order rates
continue to be strong and we're executing effectively to increase
our shipments to support end market demand," said Mark Thompson,
Fairchild's president and CEO. "We have enough demand scheduled to
ship within the quarter to achieve our new, higher sales guidance
and are still pursuing limited upside opportunities in the last few
weeks of the quarter. Order rates have been solid across all end
markets with particular strength in the industrial and computing
markets. Demand for our products serving the other end markets,
including the consumer sector, continues to be at or above the
strong fourth quarter levels. We're aggressively managing our
supply chain to maintain stable lead times for our analog and more
proprietary products, while allowing lead times for many of our
standard products to lengthen. Overall, blended lead times have
gradually increased during the quarter, up 1 - 2 weeks
sequentially. "From a product line perspective, our analog business
is shipping at a very strong rate and should sequentially grow
above the company average in the first quarter," stated Thompson.
"Our new, higher margin analog products are driving much of this
growth as we are posting record order rates and sales for our
uSerDes(TM), Green Mode FPS(TM) and analog switches so far this
quarter. Demand for our power products also remains high,
especially for our leading-edge low voltage MOSFETs in ultra-small
packaging. "Fairchild is making excellent progress in improving the
quality of our business through new products and better product
mix," stated Thompson. "We're executing well, demand is strong and
I'm very optimistic about our prospects for 2006." Fairchild
expects to report its first quarter financial results before the
market opens on April 20, 2006. Special Note on Forward-Looking
Statements: Some of the paragraphs above contain forward-looking
statements that are based on management's assumptions and
expectations and that involve risk and uncertainty. Forward-looking
statements usually, but do not always, contain forward-looking
terminology such as "we believe," "we expect," or "we anticipate,"
or refer to management's expectations about Fairchild's future
performance. Many factors could cause actual results to differ
materially from those expressed in forward-looking statements.
Among these factors are the following: changes in overall global or
regional economic conditions; changes in demand for our products;
changes in inventories at our customers and distributors;
technological and product development risks, including the risks of
failing to maintain the right to use some technologies or failing
to adequately protect our own intellectual property against
misappropriation or infringement; availability of manufacturing
capacity; the risk of production delays; availability of raw
materials; competitors' actions; loss of key customers, including
but not limited to distributors; the inability to attract and
retain key management and other employees; order cancellations or
reduced bookings; changes in manufacturing yields or output; risks
related to warranty and product liability claims; risks inherent in
doing business internationally; regulatory risks and significant
litigation. These and other risk factors are discussed in the
company's quarterly and annual reports filed with the Securities
and Exchange Commission (SEC) and are available at the Investor
Relations section of Fairchild Semiconductor's web site at
investor.fairchildsemi.com or the SEC's web site at www.sec.gov.
About Fairchild Semiconductor: Fairchild Semiconductor (NYSE: FCS)
is the leading global supplier of high-performance power products
critical to today's leading electronic applications in the
computing, communications, consumer, industrial and automotive
segments. As The Power Franchise(R), Fairchild offers the
industry's broadest portfolio of components that optimize system
power. Fairchild's 9,000 employees design, manufacture and market
power, analog & mixed signal, interface, logic, and
optoelectronics products. Please contact us on the web at
www.fairchildsemi.com.
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