I think overall the chip sector is healthy. We have to look at the two companies and compare what they do. Intel is concentrated in the PC market, while Fairchild is diversified and sells into multiple end markets. Whether Intel loses market share or not, that doesn't affect Fairchild. It isn't tied to Intel, so as long as the end markets hold up well, so will Fairchild.

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We view this as a one-time event that will likely correct itself in Q4.

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Every time inventories build, people in general get very nervous. You get a little bit of panicking, especially when things have been as good as they have [in the semiconductor sector] .

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