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LINEAR TECHNOLOGY REPORTS ANOTHER QUARTER OF RECORD SALES AND PROFITS

 MILPITAS, Calif., April 19 /PRNewswire/ -- Linear Technology Corporation (NASDAQ: LLTC), a leading, independent manufacturer of high-performance linear integrated circuits, today announced that net sales for its third quarter ended April 3, 1994, were a record $51,667,000, an increase of 33% over net sales of $38,806,000 for the third quarter of the previous year. The company also reported record net income for the quarter of $15,217,000, or $0.40 per share, an increase of 59% over $9,571,000, or $0.26 per share, reported for the third quarter of last year. A cash dividend of $0.06 will be paid on May 18, 1994, to shareholders of record on April 29, 1994.
 According to Robert H. Swanson, President and CEO, "We have once again reported record financial results. The general business climate is good. Geographically our sales were particularly strong overseas, fueled largely by offshore manufacturing for U.S. companies. Our business continues to be broad based across end markets with some additional strength this quarter in a variety of solutions for desktop and notebook computers. Our operating income exceeded 40% of sales for the first time in our history and we generated an additional $8.8 million in cash and short-term investments."
 Linear Technology Corporation 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 Corporation, 1630 McCarthy Blvd., Milpitas, CA 95035-7487, 408-432-1900.
 LINEAR TECHNOLOGY CORPORATION
 CONSOLIDATED CONDENSED STATEMENT OF INCOME
 (In thousands, except per share amounts)
 (unaudited)
 Three Months Ended Nine Months Ended
 April 3, March 28, April 3, March 28,
 1994 1993 1994 1993
 Net sales $ 51,667 $ 38,806 $144,734 $108,054
 Income before
 income taxes 23,161 14,611 61,071 39,168
 Provisions for
 income taxes 7,944 5,040 20,947 13,571
 Net income $ 15,217 $ 9,571 $ 40,124 $ 25,597
 Net income $ 0.40 $ 0.26 $ 1.07 $ 0.70
 per share
 Shares used in the
 calculation of net
 income per share 37,841 36,958 37,576 36,829
 -0- 4/19/94
 /CONTACT: Paul Coghlan, Vice President, Finance, of Linear Technology, 408-432-1900/
 (LLTC)


CO: Linear Technology Corporation ST: California IN: CPR SU: ERN

LW -- SJ009 -- 7197 04/19/94 17:21 EDT
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Publication:PR Newswire
Date:Apr 19, 1994
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