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Politics : Formerly About Applied Materials -- Ignore unavailable to you. Want to Upgrade?

To: StanX Long who wrote (60799)	2/21/2002 2:09:21 AM
From: StanX Long	Read Replies (1) \| Respond to of 70976

Fairchild raises Q1 sales outlook to flat because of strong orders Semiconductor Business News (02/20/02 08:41 a.m. EST) siliconstrategies.com SOUTH PORTLAND, Maine -- Fairchild Semiconductor International Inc. today upgraded its outlook for the first quarter to sequentially flat revenues instead of a 3-to-5% drop in its previous guidance because of improving orders for products. In fact, Fairchild canceled a planned temporary shutdown of its wafer fab in South Portland this week due to the growth in bookings, a spokeswoman for the company told SBN recently. Speaking before an investors conference in Miami today, Fairchild chairman and CEO Kirk Pond said the company was raising its revenue estimate for Q1 because bookings were running stronger than previously expected through the first seven weeks of the current quarter. "Normally orders in the first quarter don't accelerate until mid-February, but we've actually had fairly good bookings since the third week of January," Pond told attendees at the Credit Suisse First Boston Semiconductor and Semiconductor Capital Equipment Conference in Miami.