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Technology Stocks : Linear Technology Corporation

LLTC 65.00

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Mar 20 5:00 PM EST

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To: Thomas Haegin who wrote (541)	7/22/1998 7:48:00 PM
From: Gottfried	of 754

Thomas, I just found the relevant 10-Q. Management discussion... Filed on May 15 1996 Historically, new bookings accelerate particularly in March and April over the December run rate. This did not happen this year and consequently new business booked during this quarter fell short of our expectations. The two end-markets that incurred this difficulty were computer and telecommunications. The semiconductor industry overall has experienced a similar turndown in demand. Should this softness in bookings continue, our sales in the upcoming quarter ending June 30, 1996 would slip backwards by approximately 15% from the levels just reported. We believe net margins as a percentage of sales will continue to be strong and the reduction in net profits will track relatively closely to this percentage slip in sales.[snip] edgar-online.com Gottfried

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