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Technology Stocks : Semiconductor Fundamentals
SMH 366.10+0.8%Nov 3 4:00 PM EST

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To: cordob who started this subject2/14/2003 9:22:47 AM
From: cordob  Read Replies (1) of 82
 
<font color=green>Analog Devices reports higher revenues

ebnonline.com

Analog Devices, Norwood, Mass., today announced revenues of $467.4 million for the first quarter of fiscal 2003, which ended February 1.

Revenues increased 19% from the first quarter of fiscal 2002 and 3% from the immediately prior quarter. The quarter's diluted earnings per share (EPS) under generally accepted accounting principles (GAAP) were 16 cents, up from 6 cents in the same period a year ago and 9 cents in the prior quarter.

Gross margins were 54.2% of sales in the first quarter of fiscal 2003 while inventories declined $12 million sequentially and days cost in inventory declined to 125 days from 135 days last quarter. Inventories at distributors also declined in the first quarter of 2003.

Accounts receivable days sales outstanding declined to 45 days from 46 days last quarter. In the first quarter of fiscal 2003 the cash balance increased by $102 million after spending $15 million on capital equipment. ADI's cash balance at the end of the first quarter of fiscal 2003 was $3 billion.


ADI and MU are "leading indicators"for the quarter because ADIs quarter ends jan and Micorn's quarter ends feb.

Cheers
Cor
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