Net loss of $26million for Maxim

This compares with a net income of $61.03m in the previous year's quarter. Results for the quarter included pre tax expenses of $12.4m related to accelerated depreciation, $11m in pre tax for severance and restructuring, $4m pre tax for stock option related litigation and a $9.2m tax provision impact due to international restructuring. Tunc Doluca, president and chief executive officer, commented, "We are pleased to have exceeded our Q3 revenue expectation. A key driver to this upside was our recent design wins in cell phones that began to ship in volume. Inventory restocking by some of our larger customers also contributed to sales exceeding expectations. However, visibility continues to be limited and the economic environment remains highly uncertain. Consequently, we continue to manage costs closely."