Piper Jaffray Maintains Overweight Rating on Linear Tech

According to Piper Jaffray, Linear Technology LLTC Overweight rating is maintained. Piper Jaffray said that Linear was one of the first companies to guide revenues down for the September quarter, 6% - 8% and did not have to preannounce. “We believe much of this spending is deferred as opposed to eliminated, particularly in the case of comm infrastructure. For these reasons, we expect Q4 guidance to be flat to down 3%. We are likely to trim our estimates going forward.” Linear Technology closed on Friday at $31.21.