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To: Mr. Big who wrote (62411)	9/21/1999 5:15:00 PM
From: Jenna	Respond to of 120523

FCS.. held positive all day.. Fairchild Semiconductor Reports Record Revenues and Operating Profits Revenues Up in All Major Product Segments SOUTH PORTLAND, Maine--(BUSINESS WIRE)--Sept. 21, 1999--Fairchild Semiconductor (NYSE:FCS - news) today reported first quarter ended August 30, 1999 revenues of $324.5 million, a 114 percent increase over the $151.3 million reported in the first quarter of fiscal 1999. First quarter results include the first full quarter of operations of the Power Device Products Group, acquired from Samsung Electronics in April 1999. Revenues were up 28.8 percent sequentially from the fourth quarter of fiscal 1999, with strong customer demand prevailing through the summer quarter. Company gross margins improved to 29.4 percent up from 24.1 percent in the fourth quarter of fiscal 1999, and up from 20.1 percent in the first quarter of fiscal 1999. Revenues were up 4.3 percent over pro forma fourth quarter fiscal year 1999 revenues, which includes the Company's unaudited estimated revenues for the Power Device Products Group, and up 35.2 percent from pro forma first quarter fiscal year 1999 revenues. Adjusted net income, which is net income before amortization of acquisition-related intangibles and one