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Maxim's Q1 sales up 4% sequentially as bookings jump worldwide
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Silicon Strategies


SUNNYVALE, Calif. -- Maxim Integrated Products Inc. today reported revenues of $258.5 million for its fiscal third quarter ended March 30, a 35% decrease from $397.8 million in the third quarter of fiscal 2001, but up 4% from $247.1 million in the previous period.

Net income for the quarter was $66.7 million, a 39.3% decrease from $109.9 million last year but a 6% increase from $62.6 million in the previous quarter. Diluted earnings per share were $0.19 for the third quarter, a decrease from the $0.31 reported for the same period a year ago but up from the $0.18 reported for the second quarter of fiscal 2002.

Third quarter bookings were approximately $299 million, a 30% increase over the second quarter's level of $230 million. Turns orders received during the quarter were $140 million, a 12% increase over the $125 million received in the prior quarter.

"Maxim's third quarter was encouraging in many respects," said Jack Gifford, chairman, president, and CEO. "Bookings were up in every geographic region and in all but one of our business units. In addition, cancellations continued to fall to 5% of net bookings in the third quarter. For the first time in six quarters, we have begun to build backlog which, if continued, should improve visibility in future quarters," he said.






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