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Fairchild's Pond Sees Sluggish End Of Year: Page 2 of 2

Pond said he "absolutely" agrees with analysts' forecasts of single-digit semiconductor revenue growth next year.

The industry is burning through backlog in the third quarter and even with a modest bookings recovery in the fourth quarter, "we still can't fill those backlog holes back up so we've mathematically set up a situation where first quarter of '05 is going to be below fourth quarter '04 and then second quarter will be up a little, and then the third quarter will down a little because of summer then we'll see a bounce in fourth quarter."

Using that logic, "you see a five- to six- to seven-percent growth in '05 over '04," he predicted.