Fairchild Semiconductor International (FCS.N) reported quarterly profit slightly above market estimates and forecast a conservative third quarter, somewhat allaying fears of a plunge in demand after rival Microchip Technology (MCHP.O) cut its outlook earlier this week.
On Tuesday, Microchip said its first quarter would be hurt by lower automotive production and weakness in consumer end markets and that it was witnessing supply concerns in the aftermath of the earthquake inJapan.
“As expected, we saw muted but still seasonally better sales in the computing and consumer markets,” Fairchild CEO Mark Thompson said in a statement.
Regards,
Don

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