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ADI Alex Dav Inv.

0.0575
0.00 (0.00%)
17 May 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Alex Dav Inv. LSE:ADI London Ordinary Share GB00B28XMY25 ORD 0.01P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 0.0575 0.00 01:00:00
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
0 0 N/A 0

Analog Devices Executive: See Chip Industry Recovery In 1st Half

18/03/2009 3:15am

Dow Jones News


Alex Dav Inv. (LSE:ADI)
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Analog Devices Inc. (ADI) expects the chip industry to recover in the first half of this year, Vincent Roche, the company's vice president for worldwide sales, said Wednesday.

Roche, who is in Taipei for the opening of a new company office, said Analog Devices expects a more moderate year-on-year drop in its net profit in the fiscal second quarter compared with the first quarter. He didn't elaborate.

For the fiscal first quarter ended Jan. 31, the semiconductor maker's net profit tumbled 93% to US$24.90 million, as sales fell on weak consumer demand.

It said last month it expects second-quarter revenue to decline by 5% to 15% from the first quarter's US$476.6 million.

Analog Devices makes chips used in cellphones, telecom base stations, medical devices and flat-screen TVs.

-By Wei Yi Lim, Dow Jones Newswires; 88622 502-2557; weiyi.lim@dowjones.com

 
 

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