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LINEAR TECHNOLOGY REPORTS ANOTHER QUARTER OF RECORD SALES AND PROFITS

 MILPITAS, Calif., April 13 /PRNewswire/ -- Linear Technology Corp. (NASDAQ: LLTC), a leading, independent manufacturer of high-performance linear integrated circuits, today announced that net sales for its third quarter ended March 28, 1993, were a record $38,806,000, an increase of 27 percent over net sales of $30,576,000 for the third quarter of the previous year. The company also reported record net income for the quarter of $9,571,000, or 26 cents per share, an increase of 46 percent over $6,567,000, or 18 cents per share reported for the third quarter of last year, as adjusted to reflect the two-for-one stock split distributed on Nov. 24, 1992. A cash dividend of five cents will be paid on May 12, 1993 to shareholders of record on April 23, 1993.
 According to Robert H. Swanson, president and chief executive officer, "This was an excellent quarter for us. Bookings and sales growth were fueled by robust demand in United States generated business. Demand in Europe was also strong, whereas indigenous business in Japan and Asia Pacific was flat. Our operating margin was 36 percent of net sales, compared with 31 percent the year prior, and we generated an additional $5.8 million in cash and short-term investments. Our growth was widespread throughout all of our end markets, with the industrial and computer markets leading the way."
 Linear Technology Corp. was founded in 1981 as a manufacturer of high-performance linear integrated circuits. Linear Technology products include operational, instrumentation and audio amplifiers; voltage regulators, references, comparators and converters; switched-capacitor filters; communications interface circuits; one-chip data acquisition systems; pulse-width modulators and sample-and-hold devices. Applications for Linear Technology's high-performance circuits include lap-top and desk-top computers, computer peripherals, cellular telephones, electronic testers, industrial and medical electronic instruments, automotive controls, process controls, factory automation products and avionics.
 For further information, contact Paul Coghlan at Linear Technology Corp., 1630 McCarthy Blvd., Milpitas, CA 95035-7487, 408-432-1900.
 LINEAR TECHNOLOGY CORP.
 CONSOLIDATED CONDENSED STATEMENT OF INCOME
 (Unaudited, in thousands, except per share amounts)
 Three Months Ended Nine Months Ended
 March 28, March 29, March 28, March 29,
 1993 1992 1993 1992
 Net sales $ 38,806 $ 30,576 $108,054 $ 86,849
 Income before
 income taxes 14,611 10,103 39,168 27,313
 Provisions for
 income taxes 5,040 3,536 13,571 9,560
 Net income $ 9,571 $ 6,567 $ 25,597 $ 17,753
 Net income
 per share $ 0.26 $ 0.18 $ 0.70 $ 0.49
 Shares used in
 the calculation
 of net income
 per share 36,958 36,388 36,829 36,124
 -0- 4/13/93
 /CONTACT: Paul Coghlan, vice president of finance, of Linear Technology, 408-432-1900/
 (LLTC)


CO: Linear Technology Corp. ST: California IN: CPR SU: ERN

GT -- SJ008 -- 5431 04/13/93 17:34 EDT
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Publication:PR Newswire
Date:Apr 13, 1993
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