Fishman said ADI had implemented cost-reduction initiatives, including moving resources to the most strategically relevant programs and a planned corporate-wide shutdown over the holiday season.
ADI (Norwood, Mass.) reported sales of $695 million for its fiscal fourth quarter, up 2 percent compared to the previous quarter but down 3 percent compared with the fourth quarter of fiscal 2011. The company reported a net income for the quarter of $179.1 million, or 60 cents per share, up 6 percent compared with the fiscal third quarter but down 2 percent compared with the year-ago quarter.
For fiscal 2012, ADI reported sales of $2.7 billion, down 10 percent from fiscal 2011. The company reported a net income for the year of $651.2 million, or $2.18 per share, down 25 percent from fiscal 2011.
ADI said it expects sales to decline 6 to 12 percent sequentially in the current quarter to between $611.6 million and $653.3 million.
Fishman said the most significant decline in fiscal first quarter sales is expected to come from the company's consumer business segment, where its typical first quarter sales decline is being exacerbated by customers' excess inventories.
"Today, it's still a very challenging environment in virtually every reason in the world," Fishman said. Related stories:
Just as in the biblical account of the prophet Jonah in the belly of the “Great Fish”, I witnessed today in the Yuma, AZ desert, Orion in the belly of a C-17 military aircraft, poised for a test of its parachutes at 35,000 feet
I think it is a real plus to have an experienced MIT professor as the agency’s second-in-charge. Dava Newman seems like a good technological innovator and should bring fresh new energy and ideas to NASA. As the former Apollo Program Professor of Aeronautics at MIT in Cambridge, she has expertise in multidisciplinary research that includes aerospace biomedical engineering.
The fact that you’re reading this has sparked interest and I am sure you are wondering what this means or you have picked a position to either defend your beliefs or want a different opinion. So, let me say that this topic and what I say applies to choices of circuit blocks and or architectures for many different applications from analog to digital.