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FedEx Truck Containing Maxim Parts Hijacked in Philippines
Text of press release follows:
SUNNYVALE, CA—December 20, 2005—Maxim Integrated Products (NASDAQ: MXIM) has been notified by FedEx that one of their trucks, carrying Maxim parts, was hijacked in the Philippines on December 17, 2005. The parts, with a market value of approximately US $565,000, were en route to Maxim customers, who had purchased them. Maxim is in the process of notifying the customers and aiding them where possible to help them recover from their loss.
The part numbers of the stolen units can be accessed via the internet by going to: www.maxim-ic.com/hijackedparts.
The Company advises against the purchase of the listed devices from any seller other than those approved by the Company. Contact information for Maxim's approved distributors and sales representatives, including Maxim Direct, can be found on Maxim's website at: http://www.maxim-ic.com/sales.
Maxim requests that anyone who is approached with an offer to purchase the above parts, please notify the Company by contacting their local Maxim representative or by contacting Brian Marvin, Director of Worldwide Security, by phone at (408) 737-7600, by regular mail at Maxim Integrated Products, 120 San Gabriel Drive, Sunnyvale, California, USA 94086, or by e-mail at
The Company is offering a reward of $50,000 for evidence that leads to the recovery of the parts. Maxim requests that such information be forwarded to the above-mentioned Mr. Marvin.
Maxim recognizes the inconvenience this event may cause to its customers and will assist to help mitigate their loss and expedite replacement material. The Company believes that FedEx and the Philippine government need to take action swiftly to recover the stolen goods as well as prevent future recurrences.
Maxim Integrated Products is a leading international supplier of quality analog and mixed-signal products for applications that require real-world signal processing.
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