Oppenheimer Updates On Earthquake Impact On MXIM

Oppenheimer reports that Maxim Integrated Products, Inc. (NASDAQ: MXIM) has suffered no structural damage, only being affected by a regional power outage.

According to Oppenheimer, " Maxim Integrated Products, Inc. (Nasdaq: MXIM) reported no structural damage to its partner facility, Seiko Epson, as a result of the catastrophic earthquake in Japan. However, a regional power outage has affected production at the facility located in Sakata, Japan. The Seiko Epson facility provided approximately 15 percent of Maxim's wafer starts last quarter. All products manufactured at Seiko Epson can be manufactured at other facilities, which have sufficient excess capacity."

MXIM closed yesterday at $23.98 per share.