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Second quarter 2008 at Linear Technology 17-01-08

Linear Technology reported financial results for the quarter ended December 2007. Revenue for the second quarter of fiscal year 2008 increased 2.6% to $288.7 million over the previous quarter’s revenue of $281.5 million and increased 7.8% or $20.9 million over $267.8 million in the second quarter of fiscal year 2007. Second quarter Generally Accepted Accounting Principles (GAAP) net income of $93.8 million increased $2.3 million or 2.5% from $91.5 million reported in the first quarter of fiscal year 2008. Net income decreased $11.3 million or 10.7% from $105.0 million in the second quarter of last fiscal year primarily due to the increase in net interest expense as a result of the Company’s issuance of convertible debt during fiscal year 2007.

 


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