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Technology Stocks : MAXIM Integrated Products -- Ignore unavailable to you. Want to Upgrade?

To: JakeStraw who wrote (365)	5/3/2005 4:58:59 PM
From: Proud_Infidel	Respond to of 377

UPDATE 1-Maxim Integrated profit rises 15 percent Tue May 3, 2005 04:49 PM ET (Adds CEO comment, stock movement, expectations) SAN FRANCISCO, May 3 (Reuters) - Maxim Integrated Products Inc. (MXIM.O: Quote, Profile, Research) , a maker of analog microchips, on Tuesday reported 15 percent rise in quarterly net income as the company saw increased design activity for its products. Earnings in the fiscal third quarter reached $125.5 million, or 37 cents a share, compared with a year-earlier profit of $109.2 million, or 31 cents a share. Sales in the quarter, which ended on March 26, jumped to $400.2 million from $370.0 million in the same period last year. The results were in line with a forecast the company gave on March 1 calling for earnings of about 38 cents a share and sales of about $400 million. Shares of Maxim, whose chief competitor is Linear Technology Corp. (LLTC.O: Quote, Profile, Research) , lost a penny to $36.88 in after-hours trading on Inet. In a statement, Chief Executive Jack Gifford said Maxim saw an increase in turns orders, or orders that are booked and shipped in the same quarter, "leading us to believe that inventory levels have come further in line with consumption levels." He added that the company expects full-year profit and cash flow to grow from 2004. Wall Street, on average, expects the company to post a fiscal year profit of $1.61 a share, compared with $1.20 in the same period last year, according to a poll of analysts by Reuters Estimates. Maxim plans to pay employee bonuses for the remainder of the calendar year "since our stock price appreciation during the last four years has not recognized our company's performance," Gifford said in a statement.

To: JakeStraw who wrote (365)	5/18/2005 10:56:10 AM
From: Proud_Infidel	Respond to of 377

Hijacked parts from Maxim being sold in Asia Mark LaPedus EE Times (05/17/2005 10:52 PM EDT) SAN JOSE, Calif. — Maxim Integrated Products Inc. on Tuesday (May 17) said that it has been notified by authorities that the untested parts that were hijacked in Malaysia have been smuggled out of that country and are being offered in the Asian markets. Chip maker Maxim (Sunnyvale, Calif.) last month said that some $2.2 million worth of untested chips were stolen in Malaysia. A truck that was forwarding the company's devices was hijacked in Malaysia on April 16. The truck belonged to the NNR line, according to the company. The company said it is in the process of notifying the customers for whom these parts were intended. It is offering a reward of $50,000 for evidence that leads to the arrest and conviction of the responsible parties, including the recovery of the parts. Maxim reiterates that although these units are marked and appear complete, they have not gone through its entire manufacturing process, including final test. It is therefore possible that using these untested devices in systems could cause the systems to fail. The failure rate could be as high as 30 percent, the company said.

To: JakeStraw who wrote (365)	5/18/2005 10:56:46 AM
From: Proud_Infidel	Read Replies (1) \| Respond to of 377

Hijacked parts from Maxim being sold in Asia Mark LaPedus EE Times (05/17/2005 10:52 PM EDT) SAN JOSE, Calif. — Maxim Integrated Products Inc. on Tuesday (May 17) said that it has been notified by authorities that the untested parts that were hijacked in Malaysia have been smuggled out of that country and are being offered in the Asian markets. Chip maker Maxim (Sunnyvale, Calif.) last month said that some $2.2 million worth of untested chips were stolen in Malaysia. A truck that was forwarding the company's devices was hijacked in Malaysia on April 16. The truck belonged to the NNR line, according to the company. The company said it is in the process of notifying the customers for whom these parts were intended. It is offering a reward of $50,000 for evidence that leads to the arrest and conviction of the responsible parties, including the recovery of the parts. Maxim reiterates that although these units are marked and appear complete, they have not gone through its entire manufacturing process, including final test. It is therefore possible that using these untested devices in systems could cause the systems to fail. The failure rate could be as high as 30 percent, the company said. The part numbers and date codes of the stolen units can be accessed via the Internet by going here. maxim-ic.com