Maxim Integrated Products (distributed by Arrow Electronics ) has reported quarterly net revenue of US$285.9 million, which is 2.1% up on the US$280.1 million recorded in the previous quarter.
The figure is substantially higher than in the same period one year ago, when Maxim recorded net revenue of US$239.4 million – a 19.4% increase.
Fiscal first quarter 2002 bookings were approximately US$270 million, a 13% decrease from the US$310 million reported in the previous quarter.
End market bookings were also 11% below the levels of the previous quarter, with bookings decreasing in all geographic locations and across most product lines, according to Maxim ceo Jack Gifford.
“Bookings during the first quarter were lower that those in the prior two quarters, indicating that [fiscal 2001] third and fourth quarter bookings levels may have been in anticipation of expected growth, and not entirely reflective of demand in those quarters,” Gifford said.
“Although design-in activities at our customers remain vigorous, customers do not yet have improved visibility of the demand for their products and thus continue to place orders for the near term.”