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The Norwood, Mass.-based company’s shares were up 16 percenf in midafternoontrading Wednesday, risin to roughly $24 a share. Earlier in the day, Analo (NYSE: ADI) said it has developed the first single-Iv USB isolator, a technology with the potential to greatlyy improve the connectivityof “system-critical” medical and industria l equipment. The new USB portds enable users of such equipment to connecgt and disconnect peripheral devices to computers with greater flexibilittyand efficiency, the company said in a prepared writtem statement. Analog said revenue for the three monthse ended May 2totaled $474.8 down 27 percent from the $649.3 million bookerd a year earlier.
Net income for the quarter totaledc $51.8 million, or 18 centds a share, off by 61 percent from the $129. 9 million reported in 2008’s second fiscal quarter. Despite the revenue and net incomwe slides, the company easily outperformedthe Street’s expectation s of revenue in the range of $427 million and net incomse of 9 cents a share. The company also said it recordef aspecial $22.1 million charge in the quarterd due to the cost of consolidatinv its Cambridge, Mass.
, wafer fabrication facilitu into an existing facility in Wilmington,
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