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Technology Stocks : ADI: The SHARCs are circling!
ADI 311.87-2.1%3:12 PM EST

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To: Kevin Riff who wrote (837)2/28/1998 12:02:00 AM
From: Al Whitehead  Read Replies (1) of 2882
 
Hi
After reading the annual report I called ADI to ask about the obvious omission of the mems products. I was told that the products are still in the development pipeline but had not contributed to earnings in the last year so emphasis was on income producing products. They are moving into a new facility that will be dedicated to the Mem type products. They do not feel they will be profitable with the mems until the facility designed for manufacturing mems is complete. Currently they are shipping a good volume of these devices but with a slight loss per device. It helps them gain market share while they get manuf. under control. My impression was that they expect the mems devices to start contributing to profits latter part of this year.
Regards
AW
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