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

To: nord who wrote (1231)	2/12/1999 7:32:00 AM
From: Thai Chung	Read Replies (2) \| Respond to of 2882

Analog Devices Inc. Dow Jones Newswires -- February 11, 1999 Goldman Conference: Analog Devices, Storage Tech, Motorola NEW YORK (Dow Jones)--Analog Devices Inc. (ADI), which earlier this month struck an alliance with Intel Corp. (INTC) to develop DSP chips, said it is unlikely any one company will overwhelmingly dominate the industry. In a presentation to investors at the Goldman Sachs Technology Conference, ADI's Chief Executive Jerry Fishman said the idea that there will be an "Intel of the DSP market" is "deceptive." The DSP market, currently dominated by Texas Instruments Inc. (TXN) is "highly fragmented" and will likely remain that way, Fishman said. But the alliance with Intel will help ADI attract more software developers for its flavors of the DSP, or digital signal processing, chip. Intel will also buy more analog chips from ADI, he said. Analog chips make up 75% of ADI's revenues and that market is beginning to recover, Fishman said. In other presentations Thursday: Storage Technology Inc.'s (STK) Chief Executive David Weiss, said the explosion of Internet data will drive the demand for more of his company's computer storage products. "We are finally getting our due," he said. Motorola Inc.'s (MOT) Senior Vice President Fred Shlapak, who oversees the company's chip business, said the global semiconductor market is "turning around somewhat." After closing chip plants, layoffs and exiting from seven chip businesses, Motorola's semiconductor business is now "leaner." -By Christopher Grimes, 201-938-5253