Product category:
Power Supply ICs and Controllers
News Release from: Fairchild Semiconductor
Edited by the Electronicstalk Editorial
Team on 11 September 2001
Fairchild less pessimistic on Q3 results
Fairchild Semiconductor is experiencing improving order rates and has raised its guidance for third quarter 2001 revenues.
Fairchild Semiconductor is experiencing improving order rates and has raised its guidance for third quarter 2001 revenues "Our bookings for the first two months of the third quarter are tracking ahead of our bookings run rate during the second quarter
This article was originally published on Electronicstalk on 28 Feb 2001 at 8.00am (UK)
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And our turns bookings, which are orders that are shippable within the current quarter, have been fairly strong through July and August", said Kirk Pond, president, chairman and CEO.
"High turns orders for us typically indicate our customers have fairly low inventories, and require shipment within a short period of time to meet their production schedules.
In fact, an increasing number of our customers are expediting us, which means they are requesting very short delivery schedules.
To date, over 40% of our bookings in the third quarter are for shipment within the quarter", continued Pond.
"Previously, we guided third quarter revenues to be down 15-20% sequentially.
Due to stronger orders in July and August, and assuming this order strength continues through September, we now expect revenues to be down around 15%, at the high end of the range of our previous guidance.
We have seen other signs that our revenue decline will hit bottom this quarter.
Our book-to-bill ratio for the third quarter is hovering near 1:1, up from the 0.7:1 levels we've had for the past two quarters.
Our 26-week backlog, which had been declining since November of 2000, stabilised in late July, and has climbed slightly during the quarter.
And our 13-week backlog, a measure of demand for the next three months, turned up in early July and has climbed ever since".
In end market segments, Fairchild has seen strength in personal computers, most notably tied to Pentium 4 motherboards.
Orders from disk drive, display, and wireless handset manufacturers also have increased.
The digital consumer segment, which includes handheld digital appliances, set top boxes, DVD players, and video game consoles, has remained fairly steady, as has the automotive segment.
Wireline communications, networking, and Internet infrastructure segments remain weak, as do orders from the merchant power supply makers and instrumentation suppliers who sell to these segments.
Fairchild expects to report its third quarter financial results on 23rd October 2001.
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