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
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
This article was originally published on Electronicstalk on 28 Feb 2001 at 8.00am (UK)
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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.
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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