Quotations

«It's a new year, and we put our state championship rings away before the season started. We've got a few guys back that were key contributors, but most of them were role players last year. We told our seniors that it's their turn now.»

«They didn't show the replay and, to be honest, you know we are not allowed to talk about those issues.»

«They're just staying back on the ball and hitting to all fields. I had a lot of these guys in summer ball growing up, and that's the way they've always done it.»

«This process will enable us to get 100 percent efficiency out of a single, broad spectrum light source.»

«We're hoping this will lead to significantly longer device lifetimes in addition to higher efficiency.»

«There's no plastic that's hermetic enough to make devices that will last a long period.»

«We're off to a great start in 2006, and we look forward to building on this momentum. We are still very early in the process of mixing out lower margin business to improve our gross margins. Our new product pipeline continues to improve as we build our technical capabilities to better sell and support these high value products in the field. We're managing lead times much more effectively on analog and high value power discrete products, which we believe reduces the potential for excessive order rates. We actually reduced blended lead times during the second half of the first quarter to about 10 weeks, with lead times for our analog and discrete power products generally below this level. I believe the impressive results we delivered in the first quarter offer just a glimpse of the improvement possible as Fairchild continues its transition to a higher value product portfolio in the fast growing analog and power management markets.»

«We effectively managed our distribution channel to closely match our shipments in with distributor sales out. Channel re-sales were seasonally down about 3% during the first quarter but were more than 17% higher than a year ago. We managed our sales into the channel to this level of re-sales, resulting in a slight decrease in absolute inventory levels for approximately flat weeks of supply in the channel compared to the prior quarter.»

«We set some aggressive operational and financial goals in the middle of last year, and I'm pleased to report that Fairchild has delivered impressive first-quarter results, ahead of our expectations.»

«That's them, it's not me. I didn't make them go out there again. It's a good sign that they want to stay and work.»