National Semiconductor: results for first quarter 2008

National Semiconductor reported sales of $471.5 million and net income of $85.6 million, for the first quarter of fiscal 2008. The first quarter fiscal 2008 sales increased 3.4 percent sequentially from the fourth quarter of fiscal 2007, when the company reported $455.9 million in sales. The net profit declined 5 percent sequentially. Year over year, first quarter sales fell 13 percent from the first quarter of fiscal 2007. The net profit declined 29 percent year over year .