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Thursday, Apr 25, 2024

Semtech Up To Date with Financial Reports

Semtech Corp. is now current with required federal financial reports following the filing of an amended annual report and three quarterly reports, the company announced Thursday. Camarillo-based Semtech amended its annual repot for the fiscal year ending Jan. 29, 2006, and delayed filing of quarterly reports for the first three quarters of the 2007 fiscal year due to a review of its stock options in light of an informal inquiry from the U.S. Securities and Exchange Commission. The annual report includes restated financial statements for fiscal years 2002 through 2006, with adjustments for fiscal years 1996 through 2001 reflected as part of the opening balances in the restated fiscal year 2002 financial statements, the company said. The restatement adjustments will not impact on fiscal year 2007 than ended Jan. 28 and will not have a material impact on future years, the company said. Semtech awaits confirmation from Nasdaq of meeting listing compliance requirements. Semtech is a supplier of analog and mixed-signal semiconductors used in computer, industrial and communications applications.

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