Wireless comm market growth add up to the growth of Analog Devices 4Q revenue

Consistent focus on best performing analog semiconductor devices is protecting Analog Devices from sinking semiconductor market.
Analog Devices revenue for fiscal fourth quarter and fiscal year ended November 1, 2008 was $661 million, up slightly from the immediately prior quarter and an increase of 6% from the same period one year ago.

Gross margin was $404 million, or 61.1% of revenue, compared to $402 million, or 61.0% of revenue, in the immediately prior quarter, and $374 million, or 60.0% of revenue, for the same period one year ago.

Operating income from continuing operations was $161 million, or 24.3% of revenue, compared to $161 million, or 24.5% of revenue, in the immediately prior quarter, and $120 million, or 19.2% of revenue, from the same period one year ago.

Jerald G. Fishman, President and CEO has said, "The fourth quarter culminated a year of solid performance for ADI. We entered the year with a rebalanced, higher margin product portfolio and an intensified focus on our core businesses. This strategy led to increased revenue and significant earnings growth for ADI in 2008,". "While we exited the year faced with very difficult global economic conditions, we believe this focus on our market-leading core signal processing technologies gives us a competitive advantage that will endure throughout and beyond the current downturn."

Analog Device plan to further concentrate our investment on growth markets for differentiation and growth.

Growth in revenue from communication market has substituting for fall in revenue in automotive, consumer and industrial market.

Analog product revenue, 90% of total revenue, was approximately flat compared with the immediately prior quarter and grew 6% year-over-year.