Microchip Technology Reports Fourth Quarter and Fiscal Year Results

4/25/2002 - Microchip Technology Incorporated today reported net sales and earnings for the three months ended March 31, 2002 and the fiscal year ended March 31, 2002. Net sales for the quarter were $148.8 million, up 4.9% sequentially from $141.9 million in the immediately preceding quarter, and a decrease of 3.0% from sales of $153.4 million in the prior year’s fourth quarter. Diluted earnings per share for the fourth quarter were 19 cents on 140.2 million average shares outstanding, flat with the prior year’s fourth quarter, and up approximately 11.3% from earnings per share of 17 cents in the immediately preceding quarter.

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