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:
Without even thinking about it, consumers depend on technology throughout the day as they send texts, turn on lights, and drive home from the office. But that technology depends on something that usually goes unnoticed until there's a problem.
I thought it would be good to continue looking at the example I gave in my last blog where we looked using fewer LDOs and combining power supply rails on an ADC while maintaining isolation with ferrite beads.
Electronic equipment and power management is becoming increasingly critical as our power grid ages and renewable energy comes on line. In response, new technologies are being developed to protect equipment from power disturbances and fluctuations.