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Maxim Integrated CEO says orders point to recovery
Mon Aug 1, 2005 05:48 PM ET

http://www.investing-news.com/artman/publish/article_1120.shtml

SAN FRANCISCO, Aug 1 (Reuters) - Improving industry trends and a dramatic pick-up in orders is giving chip maker Maxim Integrated Products Inc. (MXIM.O: Quote, Profile, Research) increasing confidence that a recovery is in store, its chief executive said on Monday.
Shares of Maxim shot up 4.4 percent to $43.90 in after-hours trading after Jack Gifford, CEO of the analog chip maker, pointed to signs of a rebound from the slump of recent quarters which the analog semiconductor segment has weathered.

Gifford, who is also the company's chairman and president, said that bookings in the first five weeks of its fiscal first quarter have been running "significantly" ahead of orders in the first five weeks of the fiscal fourth quarter that ended in June.

The reported rebound in the business of commodity chip makers "could imply or does (imply) that Maxim's upturn is about to begin," Gifford said.

Shares, which had been trading listlessly, shot up to around $44 in after-hours trade.



08/01/2005 04:05:42 PM
StreetInsider Alert for MXIM RT$

Aug 1, 2005 (streetinsider.com via COMTEX) --Maxim Integrated Products Inc (Nasdaq: MXIM) reported Q4 EPS of $0.37, in-line with estimates. Revenues came in at $400.4 million versus the consensus of $400.89 million.

http://www.investing-news.com/artman/publish/article_1120.shtml