Fairchild Semiconductor ( FCS) and Xilinx ( XLNX) were heading in opposite directions in extended trading Wednesday, after both companies provided updates on their current fiscal quarters.

After the close, Fairchild said second-quarter revenue is so far in line with the original projections given by the company a few weeks ago. Seven weeks ago, the company said second-quarter revenue would be roughly flat with the first quarter.

"During April, orders were seasonably strong then softened slightly in May, especially in Asia, and now appear to be returning to normal levels," Fairchild said in a press release.

"Through the strength of our focus on power solutions for multiple end markets, we expect to hold our revenue guidance. Given the continued pricing pressure, especially in light of softer Asian demand in May, we expect margins to be slightly lower than first-quarter 2003."

Separately, Xilinx said it expects revenue for the current quarter to climb 1% to 5% sequentially, in line with its prior guidance. The company said its gross margin target remains about 60% for the first fiscal quarter.

Both companies expect to release their results July 17. In Instinet action after the close, Fairchild was gaining 36 cents to $14.20, while Xilinx was down 91 cents to $29.10.