Analog Devices Donates $375,000 to Hurricane Katrina Relief Efforts.NORWOOD, Mass. -- Analog Devices Analog Devices (NYSE: ADI) is an American multinational producer of semiconductor devices. Analog specializes in ADC, DAC, MEMS, and DSP chips for consumer and industrial goods. Analog is presently designing circuits in the 65 nanometer to 3 µm process feature sizes range. , Inc. (NYSE NYSE See: New York Stock Exchange : ADI) announced today that it has made a donation of $375,000 to the American Red Cross American Red Cross: see Red Cross. Disaster Relief Fund for victims of Hurricane Katrina A combination of a corporate donation, employee contributions and a dollar-for-dollar company match of employee contributions, ADI's donation will be used by the American Red Cross to meet the urgent needs of nearly one million families in three key areas -- food and shelter, emergency financial assistance to disaster survivors, and physical and mental health services health services Managed care The benefits covered under a health contract . "We are very proud, as always, of the generosity shown by the many Analog Devices employees who contributed to the hurricane disaster relief efforts. Their donations will help provide many hurricane victims with much needed assistance," said Jerry Fishman, President and Chief Executive Officer of Analog Devices. "On behalf of the American Red Cross, I would like to thank Analog Devices and its employees for this generous donation in this time of critical need," said Linda Driscoll, Director-Metro West Area, American Red Cross of Massachusetts Bay, who accepted the donation designated to benefit Hurricane Katrina victims. The American Red Cross has estimated that Hurricane Katrina relief will exceed $2 billion. Thus far, they have spent or committed more than $1.51 billion and distributed financial assistance to more than 1.1 million families. About Analog Devices Innovation, performance, and excellence are the cultural pillars on which Analog Devices has built one of the longest standing, highest growth companies within the technology sector. Acknowledged industry-wide as the world leader in data conversion and signal conditioning technology, Analog Devices serves over 60,000 customers, representing virtually all types of electronic equipment. Celebrating 40 years as a leading global manufacturer of high-performance integrated circuits used in analog and digital signal processing See DSP. Digital Signal Processing - (DSP) Computer manipulation of analog signals (commonly sound or image) which have been converted to digital form (sampled). applications, Analog Devices is headquartered in Norwood, Massachusetts, with design and manufacturing facilities throughout the world. Analog Devices' common stock is listed on the New York Stock Exchange New York Stock Exchange (NYSE) World's largest marketplace for securities. The exchange began as an informal meeting of 24 men in 1792 on what is now Wall Street in New York City. under the ticker "ADI" and is included in the S&P 500 Index. |
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