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Technology Stocks : Applied Materials No-Politics Thread (AMAT) -- Ignore unavailable to you. Want to Upgrade?

To: etchmeister who wrote (14322)	4/14/2005 1:38:47 PM
From: Proud_Infidel	Read Replies (1) \| Respond to of 25522

Re: And both firms (GS & BofA) highly involved in oil speculation; some times I think their sole purpose is to divert money Precisely. They are not to be trusted for one minute.

To: etchmeister who wrote (14322)	4/14/2005 3:34:02 PM
From: Proud_Infidel	Respond to of 25522

Fairchild Semi posts loss, expects flat Q2 Spencer Chin EE Times (04/14/2005 10:51 AM EDT) MANHASSET, N.Y. — Fairchild Semiconductor reported a net loss of $10.4 million, or 9 cents per share on sales of $362.8 million in the first quarter of 2005, as the semiconductor supplier saw seasonally slow overall sales, falling prices, and declining gross margins negate strong demand in the power market. Fairchild (South Portland, Maine), also saw its earnings affected by a $4.1 million restructuring charge related to employee severance. The company issued guidance last month calling for sequentially lower sales and gross margin, attributed to lower prices for standard products and a mix shift in Fairchild's analog product business. Fairchild reported strong demand for products serving the computing, power supply and communications end markets, while orders for displays, monitors, and consumer products were weaker. "We increased power products to a record 76 percent of total sales in the first quarter," said Kirk Pond, Fairchild's president, CEO and chairman, in a statement. "Since we started the company in 1997, we've grown our power sales from less than $90 million to nearly $1.2 billion in 2004." For the second quarter, Fairchild expects sales to be flat and gross margin to be flat to slightly higher sequentially. "Our backlog entering the quarter was slightly lower than a quarter ago, so we'll need to book and ship a higher percentage of our sales in the second quarter compared to the first quarter," said Matt Trowse, senior vice president and chief financial officer. "Lead times are shorter than a quarter ago, especially for our high power switches, which we expect will help us to achieve the bookings we need to meet our revenue guidance this quarter."