8-K

UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

FORM 8-K

CURRENT REPORT
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934

Date of Report: October 29, 2007
(Date of earliest event reported)

Maxim Integrated Products, Inc.
(Exact name of registrant as specified in its charter)

 

Delaware	0-16538	94-2896096
(State of other jurisdiction of incorporation)	(Commission File Number)	(I.R.S. Employer Identification Number)

120 San Gabriel Drive
Sunnyvale, California    94086
(Address of principal executive offices including zip code)

(408) 737-7600
(Registrant's telephone number, including area code)

Not Applicable
(Former Name or Former Address, if Changed Since Last Report)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

o  Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

o  Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

o  Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

o  Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Item 2.02.    Results of Operations and Financial Condition.

     On November 1, 2007, Maxim Integrated Products, Inc. (the "Company") announced via press release the Company's preliminary financial results for its first quarter of fiscal year 2008 ended September 29, 2007. A copy of the Company's press release is attached hereto as Exhibit 99.1.

     The information in this Current Report and attached Exhibit 99.1 are furnished to, but not filed with, the Securities and Exchange Commission for purposes of Section 18 of the Securities Exchange Act of 1934, as amended, or otherwise subject to the liability of that section, and such information shall not be deemed to be incorporated by reference into any of the Company's filings with the Securities and Exchange Commission, except as shall be expressly set forth by specific reference in any such filing.

Item 8.01.    Other Events.

     On October 29, 2007, Maxim issued a press release announcing the completion of its previously announced purchase of the Storage Products Business from Vitesse Semiconductor Corporation. A copy of the press release is furnished as Exhibit 99.2 to this report.

Item 9.01.    Financial Statements and Exhibits.

(d) Exhibits.

The exhibit listed below is being furnished with this Form 8-K.

Exhibit No.	Description
99.1	Press release dated November 1, 2007 announcing the Company's preliminary financial results for the first quarter of its fiscal year 2008.
99.2	Press Release dated October 29, 2007 announcing the Company's completion of the purchase of the Storage Products Business from Vitesse Semiconductor.

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized.

Maxim Integrated Products, Inc.

By:   /s/ Bruce E. Kiddoo        Bruce E. Kiddoo
       Vice President of Finance

Date: November 1, 2007

EXHIBIT INDEX

Exhibit No.	Description
99.1	Press release dated November 1, 2007 announcing the Company's preliminary financial results for the first quarter of its fiscal year 2008.       PDF provided as a courtesy
99.2	Press Release dated October 29, 2007 announcing the Company's completion of the purchase of the Storage Products Business from Vitesse Semiconductor.       PDF provided as a courtesy

EX-99.1

Press Information

FOR IMMEDIATE RELEASE
PINK SHEETS MXIM

Contact:      Paresh Maniar,
                    Executive Director, Investor Relations
                    (408) 470-5348

MAXIM REPORTS FISCAL Q1 REVENUES OF
$522.7 MILLION

SUNNYVALE, CA — November 1, 2007 — Maxim Integrated Products, Inc., (PINK SHEETS:MXIM) reported net revenues of $522.7 million for its fiscal 2008 first quarter ending September 29, 2007, a 4.0% increase from the first quarter of fiscal 2007.

During the prior quarter, a 14 week quarter for Maxim, the Company recorded revenues of $531.1 million. When normalized to a 13 week quarter, that is equivalent to revenues of $493.2 million. Consequently, Maxim's first quarter fiscal 2008 revenues of $522.7 million would be a 6.0% sequential increase over the normalized revenues of the previous quarter.

Maxim is not providing detailed GAAP and non-GAAP financials for the quarter ending September 29, 2007 due to the previously announced need to restate its historical financial statements to record additional non-cash, stock-based compensation expense related to past stock-option grants. Consequently, limited financial data is being presented at the present time.

Tunc Doluca, President and Chief Executive Officer, commented, "We are pleased with another strong quarter of consistent revenue growth and solid cash flow. During the quarter, yields and cycle times improved, and we reduced our inventory and capital expenditures."

"Maxim strengthened its portfolio by announcing many new products and by acquiring a line of storage products from Vitesse," Mr. Doluca added.

A cash dividend for the first quarter of fiscal 2008 of $0.1875 per share will be paid on November 30, 2007 to stockholders of record on November 15, 2007.

- more -

MAXIM INTEGRATED PRODUCTS, INC.
SELECTED UNAUDITED FINANCIAL INFORMATION
	Three Months Ended
	September 29, 2007	June 30,     2007	September 23, 2006
	(in thousands)
Net revenues	$ 522,736	$ 531,108	$ 502,745
	September 29, 2007	June 30,     2007	September 23, 2006
	(in thousands)
Cash and cash equivalents	$ 813,673	$ 577,068	$ 467,424
Short-term investments	535,292	722,286	926,654
	$ 1,348,965	$ 1,299,354	$ 1,394,078
Accounts receivable, net	$ 273,970	$ 244,009	$ 294,257
Additions to property, plant and equipment	$ 68,467	$ 119,637	$ 115,067
Note 1: Due to the pending restatement of the Company's historical financial statements
(see discussion in the release text), all financial numbers presented in this release should
be considered estimates and may be subject to significant adjustment.
Note 2: The fiscal three month period ending June 30, 2007 included 14 weeks while the fiscal
three month periods ending September 23, 2006 and September 29, 2007 included 13 weeks.

****

Certain statements in this press release are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. This includes the Company's expectation to restate its historical financial statements to record additional non-cash, stock-based compensation expense related to past stock-option grants and the Company's belief that it strengthened its portfolio by announcing many new products and by acquiring a line of storage products from Vitesse. These statements involve risk and uncertainty. Actual results could differ materially from those forecasted based upon, among other things, general market conditions and market developments that could adversely affect the growth of the mixed-signal analog market product mix shifts, customer cancellations and price competition, the timing and success of integration of the

acquired storage products, as well as other risks described in the Company's Annual Report on Form 10-K for the fiscal year ended June 25, 2005. In addition, the risk that the matters described in this press release could divert management's attention from operations; and the fact that expenses arising from the restatement, related private litigation, and other associated activities are expected to be significant.

All forward-looking statements included in this news release are made as of the date hereof, based on the information available to the Company as of the date hereof, and the Company assumes no obligation to update any forward-looking statement.

Maxim Integrated Products is a leading international supplier of quality analog and mixed-signal products for applications that require real-world signal processing.

# # #

EX-99.2 4 exh99-2.htm PRESS RELEASE

Press Information

FOR IMMEDIATE RELEASE
PINK SHEETS MXIM

Contact:      Paresh Maniar,
                    Executive Director, Investor Relations
                    (408) 470-5348

MAXIM INTEGRATED PRODUCTS ANNOUNCES COMPLETION OF
ACQUISITION OF VITESSE'S STORAGE PRODUCT BUSINESS

SUNNYVALE, CA — October 29, 2007 — Maxim Integrated Products, Inc. (PINK SHEETS: MXIM), ("Maxim" or the "Company") today announced that it has completed the previously announced purchase of the Storage Products Business of Vitesse Semiconductor Corporation (VTSS.PK) located in Colorado Springs, Colorado for approximately $63 million in cash. An additional amount up to $12 million in cash will be payable by Maxim upon the achievement of certain commercial milestones through the end of Vitesse's 2008 fiscal year on September 30, 2008.

Maxim's acquisition of the Storage Productions Business includes Vitesse's Serial Attached ATA (SATA) products, Serial Attached SCSI (SAS) Expander products, Enclosure Management products and Baseboard Management products.

Maxim Integrated Products is a leading international supplier of quality analog and mixed-signal products for applications that require real world signal processing.

# # #

EX-99.2

November 1, 2007 8K Exhibit 99.2