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Strategies & Market Trends : Rande Is . . . HOME

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To: John Miz who wrote (13602)10/18/1999 4:23:00 PM
From: John Miz  Read Replies (3) of 57584
 
(BBRC) Looks like they beat earnings estimates by 3 or 4 cents.

biz.yahoo.com

Burr-Brown posts record sales and earnings

TUCSON, Ariz.--(BUSINESS WIRE)--Oct. 18, 1999-- Burr-Brown Corporation (NASDAQ: BBRC -
news) today announced record sales of $78 million for the third quarter ended October 2, 1999. Third
quarter revenue increased by 27.6% from the same quarter a year ago and was 14.4% higher than the
second quarter of 1999.

Net income for the quarter was a record $12.8 million or $0.33 per diluted share. This represents a 70.2%
increase in net income as compared to the third quarter of 1998 and a 24.2% sequential increase.

In commenting on the Company's quarterly performance, Syrus P. Madavi, Chairman and CEO, stated,
''We're very pleased with our third quarter results. We set Company records for both revenue and
earnings by a wide margin and showed significant improvement over both last year and last quarter.
Demand for our products remained strong across all product lines and all regions throughout the quarter,
resulting in a sequential increase in orders and a book-to-bill ratio well above unity. Demand was especially
strong in the communications and digital audio markets.''

Regarding the Company's business outlook, Mr. Madavi noted that, ''We fully expect to achieve sequential
gains in both revenue and earnings in the upcoming fourth quarter, resulting in another record year of
financial performance.''
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