SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)

9 Months Ended

Sep. 30, 2012

Inventories are comprised of the following:



	September 30, 2012		December 31, 2011
	(in thousands)
Raw materials and purchased parts	$	19,493	$	23,415
Work-in-progress	214,118		251,933
Finished goods	102,140		102,085
	$	335,751	$	377,433

As a result of the sale of the Company's serial flash product lines on September 28, 2012 to an affiliate of Adesto Technologies Corporation ("Adesto"), inventories were reduced by $25.6 million. The Company has also granted Adesto an exclusive option, exercisable prior to November 15, 2012, to purchase the Company's remaining $7.0 million of serial flash inventory. The Company has, therefore, classified the remaining $7.0 million of serial flash inventory as assets held-for-sale, which are presented as part of other current assets on the Company's condensed consolidated balance sheet at September 30, 2012.