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Linear Tech Sees Trouble Dead Ahead; Stock Tumbles

October 14, 2008
by Eric Savitz
Blogger and Columnist, Barron's, Tech Trader Daily

Eric Savitz

Linear Technology (LLTC) this afternoon warned that fourth quarter revenue could be down 10-20 percent from Q3 levels due to the downturn in the global economy.

The company posted Q3 revenue of $310.4 million, with profits of 48 cents GAAP, 53 cents non-GAAP, getting a lift from a lower-than-expected tax rate. The Street had been looking for $310.4 million and 45 cents.

But Linear also warned that orders fell sharply toward the end of the quarter, and that fourth quarter revenue is likely to slide as a result.

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