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Product category: Power Supply ICs and Controllers
News Release from: Fairchild Semiconductor
Edited by the Electronicstalk Editorial Team on 20 October 2006

Power demand drive Fairchild ahead

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Fairchild Semiconductor has announced results for the third quarter ended 1st October 2006.

Fairchild Semiconductor has announced results for the third quarter ended 1st October 2006 Fairchild reported third quarter sales of $417.0 million, a 3% increase from the prior quarter and 21% more than the third quarter of 2005

Fairchild reported third quarter net income of $25.1 million or $0.20 per diluted share compared with a net income of $23.0 million or $0.18 per diluted share in the prior quarter and a net loss of $20.8 million or $0.17 per share in the third quarter of 2005.

Gross margin was 30.7%, 10 basis points lower sequentially and 9.9 percentage points higher than in the third quarter of 2005.

Included in the third quarter 2006 results is $7.1 million in total equity based compensation in accordance with Statement of Financial Accounting Standards (SFAS) 123 Share Based Payment.