Fairchild Semiconductor Raises Guidance for the Third Quarter 2006
September 06 2006 - 7:00AM
Business Wire
Fairchild Semiconductor (NYSE: FCS) the leading supplier of high
performance products that optimize power, today raised its guidance
for third quarter 2006 sales to be flat to up 2% sequentially from
its previous guidance for third revenue to be flat. "Order rates
have continued at a healthy seasonal level resulting in lower than
expected cancellation rates, which gives us the confidence to raise
our guidance," said Mark Thompson, Fairchild's president and CEO.
"Over the last four years, our sales trend for the third quarter
has averaged about a 2% decrease sequentially, so we believe that
our higher guidance reflects some smoothing of demand between the
third and fourth quarters as we better match our sales into the
distribution channel with end market demand. Our channel and
internal inventories remain within a stable range, and lead times
are tracking to the same levels as last quarter." Fairchild expects
to report its third quarter financial results before the market
opens on October 19, 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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