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Technology Stocks : Lam Research (LRCX, NASDAQ): To the Insiders -- Ignore unavailable to you. Want to Upgrade?

To: Duker who wrote (3259)	8/18/1999 7:23:00 PM
From: Jong Hyun Yoo	Read Replies (1) \| Respond to of 5867

Order flatening issue might disappear quickly if flash memory shortage and trend like this keep up: Analog Devices' Q3 revenues hit record high; sees even better Q4 ahead A service of Semiconductor Business News, CMP Media Inc. Story posted 10:30 a.m. EST/7:30 a.m., PST, 8/18/99 NORWOOD, Mass. -- The booming communications market accounted in large part for Analog Devices Inc.'s third-quarter growth, which saw revenues climb to a record $379 million, up 28% from the third quarter of 1998 and 11% from the second quarter of 1999, the company reported here today. Revenues from communications OEMs grew 30% sequentially and now account for about 40% of total OEM sales, ADI said. The industrial market continued its recovery, led by increased revenues in ATE components in both the U.S. and Japan. Sales to PC and consumer customers also grew during the third quarter, which ended July 31. Diluted earnings per share were 30 cents per share, compared to 16 cents for the year-ago quarter and 25 cents for the second quarter this year. "Orders continued to strengthen throughout the third quarter, including July," said Jerald G. Fishman, president and CEO. "Orders increased sequentially in every region of the world, in both the OEM and distribution channels. The OEM book-to-bill ratio came in at 1.15, while our distributors' book-to-bill was 1.08. "Our analog IC revenues increased 8% sequentially, following a 14% sequential rise in the second quarter," he said. "Revenues for DSP products grew 30% sequentially, and were up 85% compared to the same period last year. ADI's backlog increased by more than $50 million during the quarter, ending at a record-high level, said Fishman, adding that the company entered the fourth quarter with over 75% of its anticipated revenues in backlog. That backlog, coupled with increased order visibility, and a positive business climate should combine for a strong fourth quarter. "Based on our intent to continue managing the business with a strong backlog, we are planning for fourth-quarter revenues to be in the range of $405-to-$410 million," Fishman said.