Through TheFLY's Eyes:Fairchild Semiconductor
A Good Data Point For Technology
Fairchild Semiconductor (FCS) announced yesterday that its revenue will be up 2% for the current quarter. Historically, Fairchild's revenues have been down 2% in the September quarter.
Fairchild is a good food chain stock to focus on to see if cell phone and/or PC demand are showing any material weakness. From looking at Fairchild's mid-quarter update, business looks OK in the semiconductor business so far.
While investors have been concerned that a slowdown in housing could spill over to other industries, the first bottom of the food chain stock in technology to provide guidance suggests that things might be OK in tech land.