Fairchild Semiconductor International Inc. (South Portland, ME) reiterated its previous guidance for the first quarter of 2005. Fairchild expects to report its first quarter financial results before the market opens on April 14, 2005.
"Bookings improved in the first half of this quarter, and we continue to expect a normal, seasonally slow revenue quarter with sales 2% to 6% lower than last quarter, and gross margins down about 200 basis points sequentially," said Fairchild President, CEO and Chairman of the Board Kirk Pond. "As expected, order rates slowed during the week of Chinese New Year and started to rebound in the last two weeks. We continue to expect orders to accelerate during March."
