History
The company was founded by two MIT graduates, Ray Stata and Matthew Lorber in 1965. The same year, the company released its first product, the model 101 op amp, which was a hockey-puck sized module used in test and measurement equipment. In 1967, the company published the first issue of its technical magazine, Analog Dialogue.
In 1969, Analog Devices filed an initial public offering and became a publicly traded company. Ten years later, the company was listed on the New York Stock Exchange.
In 1973, the company was the first to launch laser trim wafers and the first CMOS digital-to-analog converter.
In August 1990, Analog Devices acquired Precision Monolithics Inc.
By 1996, the company reported over $1 billion in company revenue. That same year, Jerald Fishman was named President and CEO, a position he still holds today.
In 2000, ADI’s sales grew by over 75% to $2.578 Billion and the company acquired five companies.
By 2004, ADI had a customer base of 60,000 and its portfolio included over 10,000 products.
In June 2010, Analog Devices announced that it would launch a €23M ($28M) investment in its plant in Limerick, Ireland.
Read more about this topic: Analog Devices
Famous quotes containing the word history:
“The history is always the same the product is always different and the history interests more than the product. More, that is, more. Yes. But if the product was not different the history which is the same would not be more interesting.”
—Gertrude Stein (1874–1946)
“It’s a very delicate surgical operation—to cut out the heart without killing the patient. The history of our country, however, is a very tough old patient, and we’ll do the best we can.”
—Dudley Nichols, U.S. screenwriter. Jean Renoir. Sorel (Philip Merivale)
“The history of the Victorian Age will never be written: we know too much about it.”
—Lytton Strachey (1880–1932)