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:
Previously in this blog series we looked at using a DC/DC converter (switching regulator) in combination with an LDO to drive the power supply inputs to an ADC. What we found was that using the DC/DC converter to step down the input voltage for the LDO was a much more efficient way to drive the power supply inputs to an ADC.
I have always followed and enjoyed Bill Schweber’s witty and informative articles from the time he was at Analog Devices on through his time at EDN and EE Times and now as he writes for us on Planet Analog.