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Technology Stocks : ADI: The SHARCs are circling! -- Ignore unavailable to you. Want to Upgrade?

To: Jim Oravetz who wrote (1799)	6/28/2000 8:40:00 AM
From: polarisnh	Read Replies (1) \| Respond to of 2882

Rockwell Selects Analog Devices as Preferred Supplier of Analog Components NORWOOD, Mass.--(BUSINESS WIRE)--June 28, 2000--Analog Devices, Inc. (NYSE:ADI - news) today announced that it has been awarded a multi-year contract by Rockwell (NYSE:ROK - news) to serve as the preferred supplier of analog semiconductor products for Rockwell's future industrial automation, avionics, communications and electronic control products. Under terms of the agreement, Analog Devices will supply its full complement of industry-leading analog components to Rockwell, a world leader in electronic controls and communications. The multimillion-dollar deal will last three years. Among the components are: high-speed amplifiers and converters, precision converters, phased lock loops, and direct digital synthesizers. Analog Devices is also a key supplier of fixed- and floating-point digital signal processors (DSPs) to Rockwell. Analog Devices was awarded preferred supplier status based on the strength of its technology, product support and overall ability to support Rockwell's current and expanded future business requirements. ``Analog Devices' proven track record in high-performance analog ICs made it the logical choice for a strategic component supplier,'' said Jim Hart, vice president, strategic sourcing and chief procurement officer. ``Analog Devices' breadth of analog technology, product quality, and support capability enables the company to handle Rockwell's stringent demands today and over the next several years.'' Rockwell and Analog Devices are also exploring additional options to expand their business relationship into new product offerings through the current contract period and beyond. ``This agreement with Rockwell is proof-positive that Analog Devices is committed to high-volume, long-term business relationships with industry leaders committed to providing their customers the most innovative technology and products,'' said Robbie McAdam, vice president and general manager, Analog Semiconductor Components, Analog Devices. About Rockwell Rockwell is a $7 billion electronic controls and communications company with global leadership market positions in industrial automation, avionics and communications, and electronic commerce. The company employs about 40,000 people at more than 450 locations serving customers in more than 80 countries. About Analog Devices With revenues of $1.1 billion in the first half of fiscal 2000, Analog Devices is a leading manufacturer of precision high-performance integrated circuits used in analog and digital signal processing applications. Headquartered in Norwood, Massachusetts, the company employs approximately 8,200 people worldwide, and has manufacturing facilities in Massachusetts, California, North Carolina, Ireland, the Philippines and Taiwan. Analog Devices' stock is listed on the New York Stock Exchange and the company is included in the S&P 500 Index.

To: Jim Oravetz who wrote (1799)	6/28/2000 8:51:00 AM
From: Mike 2.0	Read Replies (2) \| Respond to of 2882

Jim, Buy ADI below $50? Is that post-split?! :-) Seriously, thanks for the link. Looks like I.I. has a bad case of "value-itis" - the article recommends buying Mercury Computer Systems, basically, because it was beaten down after slower than expected year 2001 rev growth, and now is supposedly at a discount. I am unfamiliar with Mercury, but the article read "as of the end of March, Mercury generated as much as 70% of its revenues from sales to the military market." and the rest came primarily from embedded systems for medical imaging. Companies heavy into government sales typically struggle with commercial business. And the "AgileVision" JV, "whose goal is to develop studio equipment for TV broadcasters," sounds like a niche product to me with possibly a long sales cycle. If anyone disagrees, please post, but meantime I say, Thanks but no thanks. So, in a nutshell, they recommend a company with notably less growth opportunity (military and healthcare markets) than ADI (and DSP and TXN) tornado-like prospects in DSL, cell phones, digital cameras, etc.! What are these guys smokin'?!