This snipit is mostly about TXN growth, but contains the following about ADI:
…Besides StarCore, TI faces the looming threat of Intel Corp., which formed a joint DSP venture with Analog Devices Inc. earlier this year, and more recently struck a deal to acquire DSP Communications Inc. for $1.6 billion.
Intel's shift is dramatic, noted Will Strauss, who heads the market research firm Forward Concepts (Tempe, Ariz.). "DSP was a four-letter word at Intel for many years," he said. "They saw programmable DSP as competing [with microprocessors]." But with PC growth slowing, and the digital wireless market booming, Intel has changed its tune, Strauss said. …
"Let's face it, TI is in a lot of people's crosshairs," said Joseph Osha, vice president for corporate strategy and research at Merrill Lynch (New York). But he doesn't expect the Intel-ADI partnership to bear fruit until some time next year….
edtn.com
Jim
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