“I think Wall Street has made a poor assessment of Analog Devices ,” says tech guru Paul McWilliams. Here’s a look at from his top notch Next Inning newsletter.

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http://trackthepros.com/categories.php?category_id=571

Analog Device’s top line guidance came in a bit below Wall Street expectations. However, I think the problems are between the Hudson and East Rivers and not in Norwood, MA, the home town of ADI.

“What Wall Street appears to be missing is that since ADI has sold off some of its lower profit business units, its seasonal sales patterns have changed. ADI is now again driven by industrial market sectors much more than it was even just last year.

“Therefore, its conservative guidance of flat to up 3% sequentially shouldn’t have been a big surprise nor a cause for concern. As a matter of fact, with its minimal exposure to PC and consumer markets, I