Linear Technology Corporation: SWOT Analysis & Company Profile by BusinessReview

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									Linear Technology Corporation

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Linear Technology Corporation: SWOT
Analysis & Company Profile


Reference code: BRTC225CP10-Q4

Published: Nov 2010




Business Review
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London EC4Y 0BS
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Tel: +44 (0) 20 7936 6400
Fax: +44 (0) 20 7336 6813



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Linear Technology Corporation - SWOT Profile                                        Page 1
Linear Technology Corporation

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Linear Technology Corporation - Company Overview

Linear Technology Corporation (Linear) is engaged in designing, manufacturing and marketing a wide range of linear
integrated circuits. The company’s product portfolio comprise of high performance amplifiers, voltage references,
monolithic filters, linear regulators, DC-DC converters, comparators, battery chargers, RF signal conditioning circuits, data
converters, communications interface circuits, µModuleTM products, and many other analog functions. The products
offered by the company are used across various fields such as telecommunications, cellular telephones, networking
products, notebook and desktop computers, video/multimedia, industrial instrumentation, automotive electronics, factory
automation, process control, and military and space systems. The company markets its products worldwide principally
through direct sales staff and electronics distributors. Linear is headquartered in Milpitas, California, the US.


Financial Performance

The company reported revenue of USD 1169.99 million during the fiscal year ended June 2010. Its revenue declined at a
compounded annual rate of 0.22% during the period 2008-2010 with a year on year growth of 20.8% over fiscal year
2009. During the fiscal year 2010, its operating margin was 47.26% as against an operating margin of 44.29% during the
fiscal year 2009. Moreover, during the fiscal year 2010, the company’s net profit margin was 30.88% as against a net
profit margin of 29.86% during the fiscal year 2009.




Linear Technology Corporation - Key Facts

Linear Technology Corporation, Key Facts

                                  1630 McCarthy Boulevard,

Corporate Address:                Milpitas, California (CA), 95035- Ticker Symbol, Stock           LLTC (NASDAQ)
                                                                    Exchange
                                  7417, United States


Telephone                         + 1 408 4321900                   No. of Employees               4,191



Fax                               + 1 408 4340507                   Financial Year End             June



URL                               www.linear.com                    Revenue (in USD Million)       1,169.99


                                  Technology and
Industry
                                  Communications

                                  Australia, China, Hong Kong Special Administrative Region of China, India, Indonesia, Japan,
                                  Kazakhstan, Malaysia, New Zealand, Philippines, Republic of Korea, Singapore, Taiwan, Thailand,
                                  Vietnam, Austria, Belarus, Belgium, Bulgaria, Croatia, Czech Republic, Denmark, Estonia, Finland,
Locations                         France, Germany, Greece, Hungary, Ireland, Italy, Latvia, Lithuania, Montenegro, Norway, Poland,
                                  Portugal, Romania, Russian Federation, Serbia, Slovakia, Slovenia, Spain, Sweden, Switzerland,
                                  Turkey, Ukraine, United Kingdom, Israel, South Africa, United States, Argentina, Brazil, Mexico,
                                  Netherlands Antilles
Source: Annual Report, Company Website, Primary and Secondary Research




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Linear Technology Corporation - SWOT Profile                                                                              Page 2
Linear Technology Corporation

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Linear Technology Corporation - Business Description

Linear Technology Corporation (Linear) is a manufacturer of high performance linear integrated circuits. The company
along with its subsidiaries is engaged in designing, manufacturing and marketing complete line of integrated circuits.
Linear employed 4,191 people as of June 27, 2010.

The company as a whole operates in a single operating segment and during the fiscal year 2010, the company generated
USD 1169.99 million, an increase of 21% over the previous year.

Geographically, the company received 72% of its revenues from international sales. Internationally, sales from Rest of the
World (ROW), which comprise of Asia excluding Japan, represented 40% of the company’s total revenues, while sales
from Europe and Japan represented 17% 15% of the company’s total revenues, respectively during the fiscal year 2010.
Further, the company generated 28% of its revenues from domestic operations during the fiscal 2010.

Linear has a strong and dedicated team of 1,047 employees as of June 27, 2010, involved in research, development and
engineering related functions. It organized its product development efforts into four groups namely, signal conditioning
products including high frequency products group, two power product groups (D power and S power), and mixed signal
products group. The company operates remote design centers located throughout the US, Germany, and Singapore as
part of its strategy to obtain and retain analog engineering design talent. During the fiscal year 2010, the company spent
USD 199.0 million on R&D activities.

The company operates wafer fabrication facilities located in Camas, Washington and Milpitas, California. The facilities
were built to company specifications to support a variety of sophisticated process technologies and to adhere to rigorous
quality assurance and reliability requirements of the US military specifications and major worldwide OEM customers. In
addition to wafer fabrication facilities, the company also operates an assembly facility located in Malaysia and a test and
distribution facility located in Singapore.

Linear markets its products through, direct sales staff and electronics distributors located worldwide to a broad range of
customers in diverse industries. In addition, the company sells its products directly and through distributors, to over
15,000 Original Equipment Manufacturer (OEM) customers. The company's sales are managed in both domestic and
international regions through sales offices. It has sales offices located in several states of the US. Further, Linear has
agreements with ten independent distributors in Europe, eight in Japan, five in North America, three in China, two in
Taiwan and India, and one each in Korea, Philippines, Israel, Singapore, South Africa, Malaysia, Thailand, Brazil,
Australia, and New Zealand.

Recently, the company launched LT3748H, a high input voltage isolated flyback dc-dc controller with guaranteed
operation for junction temperatures as high as 150C. It also introduced the LTC3891, a high voltage synchronous step-
down dc-dc controller.




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Linear Technology Corporation - SWOT Profile                                                                      Page 3
Linear Technology Corporation

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Linear Technology Corporation - Major Products and Services

Linear Technology Corporation is engaged in designing, manufacturing and marketing of a wide range of integrated
circuits. The key products offered by the company include the following :

Linear Technology Corporation, Major Products and Services
Products:

Flow or rate metering

Position/pressure/temperature sensing and controls

Robotics

Energy management

Process control data communication

Factory automation

Security and surveillance systems

Curve tracers

Logic analyzers

Multimeters

Oscilloscopes

Test equipment

Voltmeters

Network analyzers

Weighing scales

Analytic instruments

Gas chromatographs

EKG, CAT scanners

DNA analysis

Blood analyzers

Infusion pumps

Satellites

Guidance and navigation systems

Displays

Firing controls

Ground support equipment

Radar systems

Sonar systems

Surveillance equipment

GPS

Entertainment systems

Daytime running lights

Dashboard instrumentsation

Emission controls

Safety systems




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Linear Technology Corporation - SWOT Profile                                                                  Page 4
Linear Technology Corporation

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Collision avoidance systems

Cellular phones

Cellular basestations

Modems

PBX switches

Optical networking

Cable modems

Internet applications

Servers

Routers

Switches

Power over Ethernet

Wireless Access Points

Disk drivers

Desktop computers

Workstations

LCD monitors

Battery chargers

MP3 players.
Source: Annual Report, Company Website, Primary and Secondary Research




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