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: BostonView who wrote (1106)	10/8/1998 6:33:00 PM
From: Rob C.	Respond to of 2882

NORWOOD, Mass., Oct. 8 /PRNewswire/ -- Analog Devices (NYSE: ADI) today announced that its Board of Directors has authorized the Company to repurchase up to 8 million shares of its common stock over the next 12 months. The timing and amount of shares repurchased will be determined by Analog's management based on its evaluation of market and economic conditions. The repurchased shares will be used for the company's stock option plans and other stock-based benefit programs. Jerald G. Fishman, President and CEO, commented, "In light of the recent significant decline in the price of the Company's stock, the Company believes that the repurchase of its shares represents an attractive investment opportunity." Mr. Fishman added, "The Company recently completed the repurchase of 4 million shares of its common stock authorized by its Board of Directors at a meeting held on May 20, 1998." Safe harbor statement under the Private Securities Litigation Reform Act of 1995: Forward-looking statements in this news release involve risk and uncertainty. Important factors, including overall economic conditions, demand for semiconductors generally, demand for the company's products, the occurrence of another inventory and lead-time reduction cycle, raw material availability (especially raw silicon wafers), availability of manufacturing capacity, technological and product development risks, competitors' actions, further adverse developments in Southeast Asia and other risk factors described in the Company's most recent annual report on Form 10-K filed with the Securities and Exchange Commission could cause actual results to differ materially. With fiscal 1997 sales of $1.24 billion, Analog Devices is a leading man- ufacturer of precision high-performance integrated circuits used in analog and digital signal processing applications. Headquartered in Norwood, Massachusetts, the company employs approximately 7,500 people worldwide and has manufacturing facilities inMassachusetts, California, North Carolina, Ireland, the Philippines and Taiwan. SOURCE Analog Devices -0- 10/08/98 /CONTACT: James O. Fishbeck, Director of Corporate Communications of Analog Devices, 781-461-3282, james.fishbeck@analog.com/ /Company News On-Call: prnewswire.com or fax, 800-758-5804, ext. 054550/

To: BostonView who wrote (1106)	10/8/1998 6:42:00 PM
From: pat mudge	Read Replies (1) \| Respond to of 2882

I'd say they're looking at a nice bargain. I just listened to the Pairgain cc and they're considering a buy-back, too. In their case it depends on whether an acquisition they're working on goes through. A positive for any company focusing on ADSL, Pairgain's done a 180 from a couple years ago when they said there was no market and wouldn't be for at least 15 years. Their CEO said, "In the past we were conservative. Now, we're changing our view --- some would say dramatically --- [this has happened] in the last three months." He also indicated those companies that have control of the core chips sets would be the winners. It's encouraging to hear a good report from someone on the firing lines. Later -- Pat