Analog Devices to Sell FUSIV Network Processor and ADSL ASIC Product Line to Ikanos Communications
NORWOOD, Mass.--Jan. 12, 2006--Analog Devices (NYSE: ADI) announced today that it has signed a definitive agreement with Ikanos Communications, Inc. (NASDAQ: IKAN) to sell its FUSIV network processor and Asymmetrical Digital Subscriber Line (ADSL) application-specific integrated circuit (ASIC) product line. The divesture is in line with ADI's strategy of focusing its digital signal processing (DSP) investments in areas where ADI's signal processing expertise can earn superior returns. This product line currently represents approximately 2% of revenue for ADI. The transaction is expected to complete in the first calendar quarter of 2006 and result in the recognition of a small gain on the sale.
Analog Devices, Inc.
Maria Tagliaferro, 781-461-3282
Source: Analog Devices