Fairchild Updates Fourth-Quarter 2002 Outlook
Fairchild Semiconductor International (South Portland, ME) reported that the company's fourth-quarter revenues are tracking ahead of original projections provided by the company during its third-quarter earnings conference call. The company expects to report its fourth-quarter and full-year financial results on January 16, 2003.
Kirk Pond, president, CEO and chairman of the board of directors, stated, "Seven weeks ago, we guided fourth-quarter revenues to be down four to six percent sequentially and stated that if we had stronger turns business we could beat that guidance. Turns business has been seasonally strong through October and November, and we now expect fourth-quarter revenues to be flat to down three percent sequentially. Our strongest orders have been from desktop, notebook, display, power supply and consumer segments.