News

Fairchild Reiterates Previous Third-Quarter Guidance

August 31, 2004 by Jeff Shepard

Fairchild Semiconductor International (South Portland, ME) reiterated its previous third-quarter guidance for sales to be roughly the same as the second quarter of 2004. Fairchild expects to report its third-quarter financial results after the market closes on October 14, 2004.

"As expected, bookings were soft during the first two months of this quarter," said Fairchild President, CEO and Chairman of the Board Kirk Pond. "Our guidance for the third quarter assumes that demand will increase seasonally in September, and based on the overall economic conditions and our discussions with customers, we still expect this increase to occur."