Spreuken over Kracht

In the last several years, a lot of financial players have come into the power market to buy the assets on the cheap. They believe the market is going to rebound.

He's got some pop. Khalil is going to be an offensive shortstop. He's going to supply some power.

This is strategic, I think and it's all about clinging to power. It's all about keeping their strategic options open as opposed to running the country in a prudent fashion.

Nuclear power is dirty, dangerous and expensive. We are only talking seriously about nuclear power again because of climate change. But it is not the answer.

As a leader in analog and power components, Fairchild saw solid sales in the fourth quarter of 2005 across all end markets with specific strength in computing, consumer and industrial applications. Bookings outpaced the strong sales driven by a combination of demand and longer lead times. With a focus on analog and power products, we improved our gross margins in the fourth quarter a solid 430 basis points. We made excellent progress in 2005 by improving our management of the distribution channel, reducing inventories throughout the supply chain, and reducing our capital spending and ultimately depreciation expense. Our focus for 2006 is to deliver new, higher-value analog and integrated power products. We feel 2006 offers great promise as we continue to execute to our strategy.