Product category:
Power Supply ICs and Controllers
News Release from: Fairchild Semiconductor
Edited by the Electronicstalk Editorial
Team on 08 September 2006
Fairchild raises guidance
Fairchild Semiconductor has 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.
Fairchild Semiconductor has 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
This article was originally published on Electronicstalk on 28 Feb 2001 at 8.00am (UK)
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"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 19th October 2006.
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