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Stock Market & Financial Investment News

News Breaks
December 21, 2012
09:07 EDTPOWI, FCSPower Integrations says Chinese court rules in its favor in patent case
Power Integrations (POWI) announced that a Chinese court has ruled in the company’s favor in infringement proceedings filed against it by Fairchild Semiconductor (FCS) and its System General subsidiary. After more than two years of litigation, the Suzhou Intermediate Court has found that Power Integrations does not infringe any of the patents asserted by Fairchild in the case, Power Integrations said.
News For POWI;FCS From The Last 14 Days
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October 16, 2014
07:41 EDTFCSFairchild sees Q4 revenue $340M-$360M, consensus 367.53M
Fairchild CFO Mark Frey stated, "We expect sales to be in the range of $340M-$360M for Q4. We expect adjusted gross margin to be 33%-34% due primarily to lower sales and the impact of reduced factory loadings in the prior quarter. We anticipate R&D and SG&A spending to be $95M-$97M. The adjusted tax rate is forecast at 12% plus or minus 3 percentage points for the quarter. Consistent with our usual practices, we are not assuming any obligation to update this information, although we may choose to do so before we announce Q4 results."
07:39 EDTFCSFairchild reports Q3 adjusted EPS 28c, consensus 21c
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