Fairchild Semiconductor sees Q1 revenue $330M-$350M, consensus $345.77M Says current scheduled backlog is nearly sufficient to achieve the low end of this range. Sees adjusted gross margin to be 29% plus or minus 50 basis points due primarily to lower factory loadings and incrementally higher start up costs at our 8 inch wafer fab in Korea. The adjusted tax rate is forecast at 15% plus or minus 3 percentage points for the quarter.
Fairchild president and COO Vijay Ullal departs company Fairchild announced management changes that streamline the company's reporting structure. Vijay Ullal, president and COO, has departed the company. The changes are effective immediately. The company announced that this team will report directly to Mark Thompson, Fairchild's chairman and CEO. The changes are effective immediately.