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Microchip Technology reports updated earnings guidance at USD0.29 per share for Q3

Posted on: Tue, 01 Dec 2009 04:42:00 EST

Symbols: MCHP

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Dec 01, 2009 (M2 EQUITYBITES via COMTEX) --
MCHP | Quote | Chart | News | PowerRating -- Microcontrollers and analog semiconductors provider Microchip
Technology Inc (NASDAQ:MCHP) reported on Monday that the company
anticipates GAAP diluted earnings per share to be approximately USD0.29
and non-GAAP diluted earnings per share to be approximately USD0.35 for
the third quarter of fiscal 2010.

This is compared with the previous guidance for GAAP diluted earnings
per share of approximately USD0.27 to USD0.29Aand non-GAAP diluted
earnings per share of approximately USD0.33 to USD0.35.

The company expects net sales for its third fiscal quarter, ending 31
December 2009, to grow by 6% to 8% sequentially based on solid bookings
and sales activities in October and November, as compared with previous
guidance of net sales increasing sequentially by 4% to 8%.

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For full details on Microchip Technology Inc (MCHP) MCHP. Microchip Technology Inc (MCHP) has Short Term PowerRatings at TradingMarkets. Details on Microchip Technology Inc (MCHP) Short Term PowerRatings is available at This Link.

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