Based on the increasing bookings and lower inventory levels both internal and in the channel, we expect gross margin to return to its normal range above 60% after utilizations increased. Special items in Q3 gross margin are estimated at $9 million, primarily for amortization of intangible assets. This excludes potential restructuring activities in Q3.
Maxim Integrated Products' CEO Discusses F2Q 2012 Results - Earnings Call Transcript
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