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To: Paul Lee who wrote (6844)8/18/1999 11:45:00 AM
From: Scrapps  Respond to of 9236
 
A few clippings from ADI earnings comment this morning.....

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''The communications market accounted for a substantial portion of ADI's third-quarter growth. Revenues from communications OEMs grew 30% sequentially and now account for about 40% of total OEM sales. The industrial market continued its recovery, led by increased revenues in ATE components in both the U.S. and Japan. Sales to PC and consumer customers also grew during the third quarter.''

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''Revenues for DSP products grew 30% sequentially, and were up 85% compared to the same period last year.

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''Our backlog increased by well over $50 million during the quarter, to end the quarter at a record-high level,'' he noted. ''We began our fourth fiscal quarter with over 75% of the quarter's anticipated revenues in backlog. This provides our factories with significantly improved visibility and greater efficiencies going forward. Lead times have begun to stretch out in a few product categories, but overall they remain relatively short."

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The estimate was for 29&cent, they made 30&cent

biz.yahoo.com