National Semiconductor reported sales of $374.1 million and net income of $67.1 million, for the fourth quarter of fiscal 2011, which ended May 29, 2011. National's fourth quarter sales were 9 percent higher than the third quarter of fiscal 2011, when the company reported $343.9 million in sales, and 6 percent lower than the $398.5 million reported in the fourth quarter of fiscal 2010.

Increased sales to the broad-based industrial power market, primarily through the distribution channel, and improvements in the automotive and the communications infrastructure areas more than offset flat sales in our wireless handset business and Japan sales that were lower due to the effects of the March earthquake and tsunami. Fourth quarter net income of $67.1 million, was an increase from the $59.4 million, in the third quarter of fiscal 2011. In last year's fourth quarter, National reported net income of $79.2 million.

For fiscal 2011, National reported sales of $1.52 billion and net income of $298.8 million. In fiscal 2010, National reported sales of $1.42 billion and net income of $209.2 million