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1 point   posted on 10/01/08
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The
64%
-0.83%
 risk: moderate

MXIM - financial restatement completed


Maxim has reapplied to be listed and expects it to happen in early October. This should allow the larger market players to begin buying this stock (if they have any money). MXIM has great cash flow and pays a hefty dividend. My favorite stock at the moment. 10k and 10Q were filed yesterday.

Maxim Integrated Products Inc. said Wednesday it completed restatements to include for stock-based compensation and other adjustments and recorded a total of $838.3 million for the period from 1997 through the current third quarter.

Sunnyvale-based Maxim (Pink Sheets:MXIM) said it is now current in filings with the Securities and Exchange Commission and intends to seek relisting of its shares on Nasdaq.

In addition to non-cash, stock-based compensation adjustments, certain stock option related and other adjustments were also recorded.

After-tax adjustments to net income were $542.1 million for the company's fiscal year 1997 through the fiscal third quarter 2006

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MXIM Maxim Integrated Products Inc.


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