ADI: The SHARCs are circling! Message Board

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Technology Stocks : ADI: The SHARCs are circling!

ADI 274.44

-0.2%

Dec 19 9:30 AM EST

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To: Jim Oravetz who wrote (2586)	1/8/2001 4:46:47 PM
From: Scrapps	Read Replies (1) of 2882

But I think that there are some companies that have been unfairly punished in this indiscriminate dumping of chip stocks. One example is Analog Devices (NYSE: ADI), a manufacturer of digital signal processors (DSPs) for cellular phones, digital cameras, and other consumer electronics devices. Since ADI's customer base is so diverse (according to company filings, no single customer accounts for more than 5 percent of total sales), it looks like the stock is considerably less risky than other chip companies. ADI is trading at just 21 times 2001 earnings estimates, even though analysts are projecting earnings growth of 66 percent. The company also reported stronger-than-expected earnings growth in its last quarter and has announced plans for a 15 million-share buyback. redherring.com

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