Maxim Completes Restatement of Financial Statements

Market Wire, September, 2008

Additional Financial Information

A summary of adjustments to the Company's previously filed financial statements is set forth below:

    Summary of Adjustments to Previously Filed Financial Statements (in
                                millions)

                                   Other
                                  Adjustments        Cumulative
             Pre-tax    Payroll,     Not               Effect      Total
           Adjustments Withholding Related              of a     After Tax
                to    and Related  to Stock-  Income  Change in   Decrease
Fiscal     Stock-Based  Adjust      Based      Tax   Accounting   to Net
 Period   Compensation   -ments Compensation Benefit  Principle    Income
            ---------- ---------  ---------  -------  ---------  ----------
1997        $     30.0 $     0.5  $     2.0  $ (11.8) $       -  $     20.7
1998              34.6       1.0        1.7    (13.8)         -        23.5
1999              32.2       1.8       (8.8)    (9.0)         -        16.2
2000              72.3       7.7       (4.5)   (28.8)         -        46.7
2001              84.3       6.6       (3.7)   (35.1)         -        52.1
2002              91.1       5.7        6.1    (32.3)         -        70.6
2003             127.4       0.2      (15.0)   (39.7)         -        72.9
2004             153.5      (0.1)      26.9    (66.1)         -       114.2
2005              86.6       5.9       18.2    (32.2)         -        78.5
Nine Months
 Ended March
 25, 2006         61.5       0.6       12.0    (25.8)      (1.6)       46.7
            ---------- ---------  ---------  -------  ---------  ----------
Total - All                                  $
 Periods    $    773.5 $    29.9  $    34.9   (294.6) $    (1.6) $    542.1
            ========== =========  =========  =======  =========  ==========

The foregoing information is qualified in its entirety by the more detailed information set forth in the Company's Annual Report on Form 10-K for fiscal year ended June 24, 2006, filed with the SEC on September 30, 2008.

Stock-based compensation for the periods not previously filed is summarized in the following table:

                                 STOCK BASED COMPENSATION

(in millions)        Q406    FY06   Q107 (1)  Q207   Q307    Q407    FY07
                    ------- ------- ------- ------- ------  ------- -------
 Cost of Goods Sold $  13.9 $  62.1 $  36.6 $  15.7 $ 14.8  $  14.1 $  81.2
Research &
 Development           38.9   138.3   115.1    34.8   32.8     34.0   216.7
Selling, General
 and Admin.            12.8    51.0    38.2    11.7   (3.4)     9.4    55.9
                    ------- ------- ------- ------- ------  ------- -------
 Total              $  65.6 $ 251.4 $ 189.9 $  62.2 $ 44.2  $  57.5 $ 353.8
                    ======= ======= ======= ======= ======  ======= =======


(in millions)       Q108(2)   Q208    Q308    Q408    FY08
                    ------- ------- ------- ------- -------
 Cost of Goods Sold $  15.6 $  11.7 $  10.5 $   8.1 $  45.9
Research &
 Development           43.8    22.8    19.2    24.2   110.0
Selling, General
 and Admin.            13.2     7.2     6.0     7.4    33.8
                    ------- ------- ------- ------- -------
 Total              $  72.6 $  41.7 $  35.7 $  39.7 $ 189.7
                    ======= ======= ======= ======= =======

(1) Includes $118.9 million related to modification of options expiring
    during "Restatement Period."
(2) Includes $27.5 million related to cash settlement of options expiring
    during "Restatement Period."

 

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