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Politics : Formerly About Applied Materials

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Dec 31 3:59 PM EST

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To: StanX Long who wrote (60993)	2/27/2002 2:00:02 AM
From: StanX Long	Read Replies (1) of 70976

Semtech sales rise 6%, income up 13% from prior quarter Semiconductor Business News (02/26/02 17:12 p.m. EST) siliconstrategies.com NEWBURY PARK, Calif.--Semtech Corp. today reported a 6% sequential increase in sales to $46.4 million in the company's fiscal fourth quarter, ended Jan. 27, compared to $43.7 million in the prior three-month period. The company's sales were 33% below $69.6 million in the same quarter last year. The supplier of analog and mixed-signal semiconductors posted a net income of $8.7 million in the just-ended period vs. a net income of $7.7 million in the prior quarter and $17.6 million in the period a year ago. "The sales growth and stronger-than-expected gross margin expansion enabled Semtech to achieve sequential improvement in net income of 13%," said Jack Poe, chairman and CEO of the Newbury Park company. "The growth in sales was led by our power management products, which increased 24% sequentially. Power management products sold into the desktop, telecom and gaming markets increased 20%, while power management products sold into the portable marketplace increased 56%," he said.

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