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Product category: Power Supply ICs and Controllers
News Release from: Fairchild Semiconductor
Edited by the Electronicstalk Editorial Team on 26 January 2005

Fairchild looks to stronger profit
performance

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Fairchild Semiconductor has reported results for the fourth quarter and full year ended 26th December 2004.

Fairchild Semiconductor has reported results for the fourth quarter and full year ended 26th December 2004 Fairchild reported fourth quarter sales of $379.4 million, a 3% increase from the fourth quarter of 2003 and 7% lower than the prior quarter

Fairchild reported fourth quarter net income of $15.8 million or $0.13 per diluted share compared with net income of $5.3 million or $0.04 per diluted share in the fourth quarter of 2003 and net income of $13.4 million or $0.11 per diluted share in the prior quarter.

Gross margin was 25.6%, 150 basis points higher than the fourth quarter of 2003 and 470 basis points lower sequentially.

Fourth quarter net income also benefited from a decrease in the company's effective tax rate, which resulted from a shift in the company's regional income profile.

Fairchild reported fourth quarter pro forma net income of