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Technology Stocks : Linear Technology Corporation

LLTC 65.00

0.0%

Mar 20 4:00 PM EDT

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To: Don Lloyd who wrote (738)	5/31/2002 11:59:45 AM
From: lifeisgood	of 754

Bob Swanson said in a recent conference call, “For the first time in several quarters, all of the critical financial trends showed healthy improvement.” Oops, looks like the CEO missed a few "critical trends".................. The Milpitas, Calif., company suffered a revenue drop of 54% in its fiscal third quarter ended March 31, to $130 million, and a nearly 60% decline in net earnings, to $51.5 million. Fiscal pressures have also forced Linear to lay off employees for the first time in its 20-year history-a 17% reduction-and close a 4in.-wafer fab. Yeah, that sounds real "healthy" to me. LOL best... LIG

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