Advanced Analogic receives favorable patent rulingShares of Advanced Analogic Technologies Inc. (Nasdaq: AATI) advanced sharply in after hours after the Sunnyvale, Calif.-based company said it received a favorable ruling in a case before the U.S. International Trade Commission. An ITC judge issued an initial determination finding that claims of patent infringement by Linear Technology Corp. (Nasdaq: LLTC) were not valid. As is normal, the initial determination will be considered by the full ITC, and a final determination is expected by Sep. 22, 2007. AnalogicTech anticipates that the initial determination will be confirmed. AnalogicTech, a semiconductor developer, was last up 18.1%, or $1.45 per share, at $9.46. That's toward the high end of a 52-week range of $4.90 to $11.78; its all-time high is $15.75 set on Feb. 2, 2006. Linear Technology was unchanged in after hours trading at $37.13. AnalogicTech on April 26 said it had first-quarter 2007 revenue of $21.1 million, an increase of 15% over revenue for the first quarter of 2006. On a GAAP basis, the net loss for the first quarter of 2007 ended March 31 was $0.06 per diluted share, down from earnings of $0.02 per share in the year-ago period. spacer spacer spacer spacer spacer spacer spacer spacer spacer spacer spacer spacer spacer spacer spacer spacer spacer spacer spacer spacer spacer spacer spacer spacer spacer spacer spacer spacer spacer spacer spacer spacer spacer spacer spacer spacer spacer spacer spacer spacer spacer spacer spacer spacer spacer spacer spacer spacer spacer spacer spacer spacer spacer spacer spacer
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