Product category: Power Supply ICs and Controllers
News Release from: ON Semiconductor
Edited by the Electronicstalk Editorial Team on 10 September 2003
Increased bookings revise Q3 guidance
ON Semiconductor has upgraded its forecast for third-quarter revenues
In its second quarter 2003 earnings release, ON Semiconductor provided guidance that its third quarter 2003 revenues would be roughly flat as compared with the second quarter 2003 revenues. "We now expect third quarter 2003 revenues will grow sequentially by 1 to 2% over second quarter 2003 revenues", said Keith Jackson, ON Semiconductor President and CEO.
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"Recent booking trends, particularly in August, coupled with the corresponding growth in our backlog and the strength of our wireless and consumer businesses, provide the basis for our change in expectation".
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