Digital Daily » Fairchild Semiconductor http://digitaldaily.allthingsd.com by John Paczkowski Sun, 22 Nov 2009 06:03:03 +0000 http://wordpress.org/?v=2.8.4 en hourly 1 http://allthingsd.com/theme/images/logo-rss.jpg All Things Digital http://allthingsd.com/ 144 22 Happy Holidays from Fairchild and Alcatel-Lucent http://digitaldaily.allthingsd.com/20081212/happy-holidays-from-fairchild-and-alcatel-lucent/ http://digitaldaily.allthingsd.com/20081212/happy-holidays-from-fairchild-and-alcatel-lucent/#comments Fri, 12 Dec 2008 19:00:39 +0000 John Paczkowski http://digitaldaily.allthingsd.com/?p=9575
[ See post to watch video ] ]]> http://digitaldaily.allthingsd.com/20081212/happy-holidays-from-fairchild-and-alcatel-lucent/feed/ 0 Fairchild's Year Without a Santa Claus http://digitaldaily.allthingsd.com/20081212/fairchilds-year-without-a-santa-claus/ http://digitaldaily.allthingsd.com/20081212/fairchilds-year-without-a-santa-claus/#comments Fri, 12 Dec 2008 18:21:41 +0000 John Paczkowski http://digitaldaily.allthingsd.com/?p=9559 If life is a cement trampoline, then Fairchild Semiconductor just performed a flat back landing. It’s hand forced by those oft-cited “market conditions,” the company said Friday it is sacking 12 percent of its workforce, or 1,100 people, in an attempt to reduce expenses and spread holiday cheer.

Fairchild (FCS) reduced its guidance as well. It had been expecting $338 million to $360 million in sales for its fiscal fourth quarter. Now it expects just $320 million.

Fairchild is the latest semiconductor company to temper its estimates as demand for the computers and telecommunications gear in which its chips are used contracts. Earlier this week, Texas Instruments (TXN), National Semi (NSM) and Broadcom (BRCM) all cut their projections because of lousy market conditions.

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