Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: Junkyardawg who wrote (2446)	11/14/2000 4:27:41 PM
From: MarkR37	Read Replies (1) \| Respond to of 2882

Analog Devices Announces Share Repurchase Program NORWOOD, Mass., Nov 14, 2000 /PRNewswire via COMTEX/ -- Analog Devices (NYSE: ADI chart, msgs) today announced that its Board of Directors has authorized the Company to repurchase up to 15 million shares of its common stock. The timing and amount of shares repurchased will be determined by Analog's management based on its evaluation of market and economic conditions. The Company currently has approximately 356 million shares of common stock outstanding. ( Photo:http://www.newscom.com/cgi-bin/prnh/20000501/ADILOGO ) Jerald G. Fishman, President and CEO, commented, "The repurchased shares will be used for the company's stock option plans and other stock-based employee benefit plans." Safe harbor statement under the Private Securities Litigation Reform Act of 1995: This release contains forward-looking statements, including our statements regarding increased revenues and improved operating margins, that are based on our current expectations, beliefs, assumptions, estimates, forecasts and projections about the industry and markets in which Analog Devices operates. The statements contained in this release are not guarantees of future performance and involve certain risks, uncertainties and assumptions which are difficult to predict. Therefore, actual outcomes and results may differ materially from what is expressed in such forward-looking statements. Important factors which may affect future operating results include the effects of adverse changes in overall economic conditions, the timing and duration of market upturns and downturns, the continued growth of the markets Analog Devices serves, continuation of growth in the communications market, continued demand for semiconductors generally and for the Company's products in particular, the risk that our backlog could decline significantly, the ability of the Company to continue hiring engineers and other qualified employees needed to meet the expected demands of our largest customers, reversals or slowdowns in the markets or customers served by the Company's products and the adverse effects of building inventories to meet planned growth that fails to materialize, the occurrence and frequency of inventory and lead-time reduction cycles, raw material availability, availability of both internal and external manufacturing capacity, technological and product development risks, competitors' actions and technological innovations and other risk factors described in the Company's most recent annual report on Form 10-K filed with the Securities and Exchange Commission. With fiscal 2000 revenues of $2.58 billion, 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 9,100 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. CONTACT: James O. Fishbeck, Director of Corporate Communications at Analog Devices, 781-461-3282, or james.fishbeck@analog.com Source: Analog Devices Contact: James O. Fishbeck, Director of Corporate Communications at