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Product category: Power Supply ICs and Controllers
News Release from: Fairchild Semiconductor
Edited by the Electronicstalk Editorial Team on 22 October 2003

Increased backlog brings optimism for
Fairchild

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Fairchild Semiconductor has reported results for the third quarter that ended 28th September 2003.

Fairchild Semiconductor has reported results for the third quarter that ended 28th September 2003 Fairchild reported third quarter sales of $328.4 million, with a net loss of $5.4 million or $0.05 per share

Included in the third quarter 2003 results are pre-tax charges of $6.0 million associated with restructuring activities announced in July 2003.

Fairchild reported a sequential increase in pro forma net income to $5.5 million, or $0.05 per diluted share, compared with pro forma net income of $3.8 million, or $0.03 per diluted share in the previous quarter.

Pro forma net income excludes amortisation of acquisition-related intangibles, restructuring and impairments and other items.

Excluding these charges, pro forma operating margin for the third quarter was 5.8%, up 10 basis points sequentially.

"I'm very pleased with our performance in the third quarter", said Kirk Pond, Fairchild's President, CEO and Chairman of