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Tech Industry

Short Take: Fairchild beats estimates

Fairchild Semiconductor reported first-quarter adjusted net income of $52.6 million, or 53 cents per share, well above expectations of 40 cents a share. That compares with same quarter last year's net income of $15.6 million, or 17 cents per diluted share. Penetration in cellular and Internet industries, among others, fueled the surge, the company said.

    Fairchild Semiconductor reported first-quarter adjusted net income of $52.6 million, or 53 cents per share, well above expectations of 40 cents a share. That compares with same quarter last year's net income of $15.6 million, or 17 cents per diluted share. Penetration in cellular and Internet industries, among others, fueled the surge, the company said.