Linear Technology's Board of Directors Authorizes the Company to Purchase up to 20 Million Shares of Its Outstanding Common Stock in the Open Market Over the Next Two Years
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Linear Technology's Board of Directors Authorizes the Company to Purchase up to 20 Million Shares of Its Outstanding Common Stock in the Open Market Over the Next Two Years

MILPITAS, Calif.—(BUSINESS WIRE)—July 29, 2008— Linear Technology Corporation (NASDAQ:LLTC), a leading, independent manufacturer of high performance linear integrated circuits, today announced that its Board of Directors authorized the Company to purchase up to 20 million shares of its outstanding common stock in the open market over the next two years. According to Lothar Maier, CEO, "The Company has had a meaningful stock purchase program including our Accelerated Share Repurchase transaction that was completed in January 2008 in which the Company purchased 83.3 million shares of its common stock. This current 20 million authorization will enable us to be active in the marketplace over the next two years including buying back shares to offset dilution from the Company’s employee stock plans.”

Linear Technology Corporation, a manufacturer of high performance linear integrated circuits, was founded in 1981, became a public company in 1986 and joined the S&P 500 index of major public companies in 2000. Linear Technology products include high performance amplifiers, comparators, voltage references, monolithic filters, linear regulators, DC-DC converters, battery chargers, data converters, communications interface circuits, RF signal conditioning circuits, uModuleTM products, and many other analog functions. Applications for Linear Technology’s high performance circuits include telecommunications, cellular telephones, networking products such as optical switches, notebook and desktop computers, computer peripherals, video/multimedia, industrial instrumentation, security monitoring devices, high-end consumer products such as digital cameras and MP3 players, complex medical devices, automotive electronics, factory automation, process control, and military and space systems. For more information, visit www.linear.com. For further information contact Paul Coghlan at Linear Technology Corporation, 1630 McCarthy Blvd., Milpitas, California 95035-7417, (408) 432-1900.


Contact:

Linear Technology Corporation
Paul Coghlan, 408-432-1900
Vice President, Finance