This is complemented by our new product development successes in markets like Internet infrastructure, computers and computer peripherals, games and consumer goods. This improved mix is pushing current quarter gross margins ahead of our previous guidance. Pond, speaking in Phoenix, Arizona at the Credit Suisse First Boston 2000 High Yield Conference, predicted that quarterly revenues after Q1 will continue to sequentially increase in the range of three to four percent. Pond said that Fairchild established momentum in the last half of 1999, after the acquisition of Samsung's Power Device Division in April.
Pond expects growth to continue to be driven by new product development.
New product sales now account for more than 28 percent of Fairchild's revenues. Fairchild's multi-market components are used in computer, telecommunications, automotive, consumer and industrial applications. Supplying logic, analog, mixed signal, non-volatile memory and power products, Fairchild is filling the gap in the global supply of building block semiconductors. The company is headquartered in South Portland, Maine, USA, with 8,400 employees worldwide. Additional manufacturing facilities are located in Utah, South Korea, Malaysia and the Philippines, with regional sales offices throughout the world.