National Semiconductor reported sales of $453.4 million and net income of $71.2 million for the third quarter of fiscal 2008 which ended February 24, 2008. National’s results included $19.6 million of pre-tax severance and restructuring expenses related to a previously announced factory modernization effort. Third quarter results also included approximately $11 million of discrete tax benefits that were recognized in the quarter. National’s third quarter sales decreased 9.1 percent sequentially from the second quarter of fiscal 2008, when the company reported $499.0 million in sales and up 5.2% from Q3 of fiscal 2007.