TUCSON, Ariz.--Burr-Brown Corp. here today released record earnings and sales for the second quarter. Its sales grew 126% to $103.5 million compared to $68.2 million in the same quarter last year. The analog chip maker's net income of $23.3 million was 51.8% higher than $10.3 million last year.
"Our book-to-bill ratio exceeded unity by a very wide margin for the quarter leading to a 31% increase in total backlog," said Syrus P. Madavi, chairman, president and CEO of Burr-Brown, which has agreed to be acquired by Texas Instruments Inc. for $7.6 billion in stock (see June 21 story). The acquisition is expected to close late in the third quarter.