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To: Nemer who wrote (38688)	2/27/2002 12:17:26 PM
From: Kelvin Taylor	Read Replies (1) \| Respond to of 53068

SMTC earning hitelights Sales for the fourth quarter of fiscal year 2002 were $46.4 million, an increase of 6 percent compared to sales of $43.7 million for the third quarter of fiscal year 2002. Net income for the fourth quarter of fiscal year 2002 increased sequentially by 13 percent to $8.7 million, or 11 cents per diluted share, when compared to third quarter net income, prior to one-time items, of $7.7 million or 10 cents per diluted share. Semtech's gross margin for the fourth quarter increased to 56 percent, an improvement of approximately 100 basis points compared to the third quarter. Gross margin has improved by more than 800 basis points in the last three years and is forecasted to continue to improve during fiscal year 2003. Sales into the computer end-market increased 15 percent sequentially in the fourth quarter. The communications end-market grew 8 percent in the fourth quarter over the third quarter, while shipments into the industrial market shrank 18 percent in the quarter. stock up +10%