To All, FYI.
"Linear Technology Corporation (LLTC), a leading, independent manufacturer of high performance linear integrated circuits, today announced that net sales for its first quarter ended September 28, 1997, were $109,802,000, an increase of 22% over net sales of $90,063,000 for the first quarter of the previous year. The
Company also reported net income for the quarter of $40,643,000 or
$0.51 per share, an increase of 30% over $31,358,000 or $0.40 per share, reported for the first quarter of last year. "
" According to Robert H. Swanson, President and CEO, "This was a strong summer quarter for us as we achieved record quarterly bookings, sales and profits. We grew cash by roughly $63 million and now have over $500 million in cash and short-term investments. Demand was strong for our products, particularly in the communications and computer end markets. This demand should help us to continue to grow in the upcoming quarter." |
