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.

Strategies & Market Trends : Mr. Pink's Picks: selected event-driven value investments -- Ignore unavailable to you. Want to Upgrade?

To: RockyBalboa who wrote (14577)	1/17/2001 8:19:46 PM
From: RockyBalboa	Respond to of 18998

Oh, Analog Devices sees Q1 earnings below expectations (UPDATE: adds CEO comments, details throughout) NORWOOD, Mass., Jan 17 (Reuters) - Analog Devices Inc. (NYSE:ADI - news) on Wednesday said it sees first-quarter revenues below fourth-quarter results and Wall Street expectations, due to a slowdown in new order activity and other factors, and that it also sees second quarter results falling below expectations. The semiconductor maker now believes that revenues for the first quarter of fiscal 2001 will total about $775 million, up about 58 percent from the same period last year and down 4 percent from the fourth quarter of fiscal 2000. ``Our revised first-quarter revenue target is based on a significant slow down in new order activity compared to the accelerated pace of last year, coupled with recent increased order cancellations and backlog adjustments,'' President and Chief Executive Jerry Fishman said in a statement. Norwood, Mass.-based Analog Devices sees pro forma earnings, based on those revenue expectations, of about 50 cents per share, double last year's first quarter earnings of 25 cents per share.