Analog Devices Meets Lowered Estimates, Slides

Analog Devices

(ADI) - Get Report

fell 4.1% in late morning, a day after it posted fourth-quarter earnings of 50 cents a share.

That matched the Street's diminished estimate and beat the year-ago 25 cents a share.

The chipmaker said second-quarter sales would rise 22% to 25% from year-earlier levels.

ABN Amro

upgraded the stock to buy from add, but

Goldman Sachs

cut its 2001 earnings estimate to $1.75 a share from $1.95.