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Document and Company Information - USD ($) $ in Thousands	9 Months Ended
Document and Company Information - USD ($) $ in Thousands	Aug. 01, 2009	May 03, 2008
Document and Company Information [Abstract]
Entity Registrant Name	Analog Devices, Inc.
Entity Central Index Key	0000006281
Document Type	10-Q
Document Period End Date	Aug. 01, 2009
Amendment Flag	false
Current Fiscal Year End Date	--10-31
Entity Well-known Seasoned Issuer	Yes
Entity Voluntary Filers	No
Entity Current Reporting Status	Yes
Entity Filer Category	Large Accelerated Filer
Entity Public Float		$ 6,911,000
Entity Common Stock, Shares Outstanding	291,549,108

Condensed Consolidated Statements of Income - USD ($)
shares in Thousands, $ in Thousands

3 Months Ended

9 Months Ended

Aug. 01, 2009

Aug. 02, 2008

Aug. 01, 2009

Aug. 02, 2008

Statement [Line Items]

Revenue

$ 491,991

$ 658,986

$ 1,443,308

$ 1,922,235

Cost of sales

^[1]

225,762

257,192

646,525

748,617

Gross margin

266,229

401,794

796,783

1,173,618

Operating expenses:

Research and development

^[1]

107,578

135,837

336,854

400,029

Selling, marketing, general and administrative

^[1]

79,706

104,767

249,828

309,301

Special charges

53,656

Total operating expenses

187,284

240,604

640,338

709,330

Operating income

78,945

161,190

156,445

464,288

Nonoperating (income) expense:

Interest expense

1,368

Interest income

(2,558)

(8,205)

(13,881)

(31,400)

Other, net

108

664

(1,260)

951

Total nonoperating (income) expense

(1,082)

(7,541)

(13,773)

(30,449)

Income from continuing operations before income taxes

80,027

168,731

170,218

494,737

Provision for income taxes

14,567

39,536

28,419

113,802

Income from continuing operations, net of tax

65,460

129,195

141,799

380,935

Discontinued operations, net of tax

Income from discontinued operations

5,611

364

10,693

Gain on sale of discontinued operations

3,802

250,785

Total income from discontinued operations, net of tax

9,413

364

261,478

Net income

$ 65,460

$ 138,608

$ 142,163

$ 642,413

Shares used to compute earnings per share - basic

291,387

290,376

291,267

293,302

Shares used to compute earnings per share - diluted

293,084

295,001

292,259

298,207

Basic earnings per share from continuing operations

$ 0.22

$ 0.44

$ 0.49

$ 1.3

Basic earnings per share

0.22

0.48

0.49

2.19

Diluted earnings per share from continuing operations

0.22

0.44

0.49

1.28

Diluted earnings per share

0.22

0.47

0.49

2.15

Dividends declared and paid per share

$ 0.2

$ 0.6

$ 0.56

Includes stock-based compensation expense as follows:

Cost of sales

$ 1,942

$ 1,943

$ 5,334

$ 5,802

Research and development

5,508

6,178

16,880

17,810

Selling, marketing, general and administrative

$ 4,565

$ 5,452

$ 13,778

$ 15,580

[1]	Includes stock-based compensation expense.

Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands

9 Months Ended

12 Months Ended

Aug. 01, 2009

Nov. 01, 2008

Assets

Cash and cash equivalents

$ 632,715

$ 593,599

Short-term investments

1,091,729

716,087

Accounts receivable, net

244,025

315,290

Inventory:

Raw materials

14,251

15,350

Work in process

192,292

200,436

Finished goods

69,529

98,843

Total inventory

^[1]

276,072

314,629

Deferred tax assets

76,683

102,676

Deferred compensation plan investments

1,282

942

Prepaid expenses and other current assets

37,127

40,460

Current assets of discontinued operations

5,894

Total current assets

2,359,633

2,089,577

Property, plant and equipment, at cost:

Land and buildings

394,200

378,187

Machinery and equipment

1,501,942

1,512,984

Office equipment

58,924

63,071

Leasehold improvements

66,452

65,247

Property, plant and equipment, gross

2,021,518

2,019,489

Less accumulated depreciation and amortization

1,529,954

1,452,050

Net property, plant and equipment

491,564

567,439

Deferred compensation plan investments

7,078

31,099

Other investments

1,677

955

Goodwill

247,347

235,175

Intangible assets, net

8,816

12,300

Deferred tax assets

71,249

65,949

Other assets

30,750

26,461

Non-current assets of discontinued operations

62,037

Total other assets

428,954

433,976

Total assets

3,280,151

3,090,992

Liabilities and Shareholders' Equity

Accounts payable

94,787

130,451

Deferred income on shipments to distributors, net

123,876

175,358

Income taxes payable

13,951

52,546

Deferred compensation plan liability

1,282

942

Accrued liabilities

118,830

191,307

Current liabilities of discontinued operations

1,200

18,454

Total current liabilities

353,926

569,058

Long-term debt

374,926

Deferred income taxes

20,827

14,310

Deferred compensation plan liability

7,076

31,800

Other non-current liabilities

65,031

55,561

Total non-current liabilities

$ 467,860

$ 101,671

Commitments and contingencies

Shareholders' Equity

Preferred stock, $1.00 par value, 471,934 shares authorized, none outstanding

$ 0

Common stock, $0.16 2/3 par value, 1,200,000,000 shares authorized, 291,549,108 shares issued and outstanding (291,193,451 on November 1, 2008)

48,592

48,533

Capital in excess of par value

Retained earnings

2,426,580

2,419,908

Accumulated other comprehensive loss

(16,807)

(48,178)

Total shareholders' equity

2,458,365

2,420,263

Total liabilities and shareholders' equity

$ 3,280,151

$ 3,090,992

[1]	Includes $2,503 and $2,632 related to stock-based compensation at August 1, 2009 and November 1, 2008, respectively.

Condensed Consolidated Statements of Cash Flows - USD ($) $ in Thousands	9 Months Ended
	Aug. 01, 2009	Aug. 02, 2008
Cash flows from operating activities:
Net income	$ 142,163	$ 642,413
Adjustments to reconcile net income to net cash provided by operations:
Depreciation	102,495	108,061
Amortization of intangibles	5,227	7,476
Stock-based compensation expense	35,992	36,895
Gain on sale of business	0	(250,785)
Income tax payments related to gain on sale of businesses	(4,105)	(67,283)
Deferred income taxes	(221)	(7,660)
Excess tax benefit-stock options	(5)	(12,967)
Non-cash portion of special charge	13,768	0
Other non-cash activity	1,299	1,306
Changes in operating assets and liabilities	(27,143)	69,654
Total adjustments	127,307	(115,303)
Net cash provided by operating activities	269,470	527,110
Cash flows from investing activities:
Purchases of short-term available-for-sale investments	(1,914,428)	(1,551,019)
Maturities of short-term available-for-sale investments	1,535,941	1,348,947
Net (expenditures) proceeds from sales of businesses (see Note 15)	(1,340)	403,181
Additions to property, plant and equipment	(39,706)	(110,031)
Payments for acquisitions	(8,360)	(3,146)
(Increase) decrease in other assets	(5,750)	1,532
Net cash (used) provided by investing activities	(433,643)	89,464
Cash flows from financing activities:
Proceeds from issuance of long-term debt	370,350	0
Dividend payments to shareholders	(174,662)	(164,425)
Repurchase of common stock	(3,762)	(552,380)
Increase in liability from common stock repurchases	0	139
Net proceeds from employee stock plans	8,740	83,005
Excess tax benefit-stock options	5	12,967
Credit facility fees	0	(600)
Net cash provided (used) for financing activities	200,671	(621,294)
Effect of exchange rate changes on cash	2,618	(1,796)
Net increase (decrease) in cash and cash equivalents	39,116	(6,516)
Cash and cash equivalents at beginning of period	593,599	424,972
Cash and cash equivalents at end of period	$ 632,715	$ 418,456

Revenue Recognition	9 Months Ended
Revenue Recognition	Aug. 01, 2009
Revenue Recognition [Abstract]
Revenue Recognition	Note 2 — Revenue Recognition Revenue from sales to customers is generally recognized when title passes, which for shipments to certain foreign countries is subsequent to product shipment. Title for these shipments ordinarily passes within a week of shipment. A reserve for sales returns and allowances for customers is recorded based on historical experience or specific identification of an event necessitating a reserve. In all regions of the world, the Company defers revenue and the related cost of sales on shipments to distributors until the distributors resell the products to their customers. Therefore, the Company’s revenue fully reflects end customer purchases and is not impacted by distributor inventory levels. Sales to distributors are made under agreements that allow distributors to receive price adjustment credits, as discussed below, and to return qualifying products for credit, as determined by the Company, in order to reduce the amounts of slow-moving, discontinued or obsolete product from their inventory. These agreements limit such returns to a certain percentage of the value of the Company’s shipments to that distributor during the prior quarter. In addition, distributors are allowed to return unsold products if the Company terminates the relationship with the distributor. Distributors are granted price adjustment credits related to many of their sales to their customers. Price adjustment credits are granted when the distributor’s standard cost (i.e., the Company’s sales price to the distributor) does not provide the distributor with an appropriate margin on its sales to its customers. As distributors negotiate selling prices with their customers, the final sales price agreed to with the customer will be influenced by many factors, including the particular product being sold, the quantity ordered, the particular customer, the geographic location of the distributor, and the competitive landscape. As a result, the distributor may request and receive a price adjustment credit from the Company to allow the distributor to earn an appropriate margin on the transaction. Distributors are also granted price adjustment credits in the event of a price decrease subsequent to the date the product was shipped and billed to the distributor. Generally, the Company will provide a credit equal to the difference between the price paid by the distributor (less any prior credits on such products) and the new price for the product multiplied by the quantity of such product in the distributor’s inventory at the time of the price decrease. Given the uncertainties associated with the levels of price adjustment credits to be granted to distributors, the sales price to the distributor is not fixed or determinable until the distributor resells the products to their customers. Therefore, the Company defers revenue recognition from sales to distributors until the distributors have sold the products to their customers. Title to the inventory transfers to the distributor at the time of shipment or delivery to the distributor, and payment from the distributor is due in accordance with the Company’s standard payment terms. These payment terms are not contingent upon the distributors’ sale of the products to their customers. Upon title transfer to distributors, inventory is reduced for the cost of goods shipped, the margin (sales less cost of sales) is recorded as “deferred income on shipments to distributors, net” and an account receivable is recorded. The deferred costs of sales to distributors have historically had very little risk of impairment due to the margins the Company earns on sales of its products and the relatively long life-cycle of the Company’s products. Product returns from distributors that are ultimately scrapped have historically been immaterial. In addition, price protection and price adjustment credits granted to distributors historically have not exceeded the margins the Company earns on sales of its products. The Company continuously monitors the level and nature of product returns and is in frequent contact with the distributors to ensure reserves are established for all known material issues. As of August 1, 2009 and November 1, 2008, the Company had gross deferred revenue of $204.1 million and $279.3 million, respectively, and gross deferred cost of sales of $80.2 million and $103.9 million, respectively. Deferred income on shipments to distributors as of August 1, 2009 was lower than the amount as of November 1, 2008 by $51.5 million, as a result of the distributors’ sales to their customers in the first nine months of fiscal 2009 exceeding the Company’s shipments to its distributors during this same time period. Shipping costs are charged to cost of sales as incurred. The Company generally offers a 12-month warranty for its products. The Company’s warranty policy provides for replacement of the defective product. Specific accruals are recorded for known product warranty issues. Product warranty expenses during both of the three- and nine-month periods ended August 1, 2009 and August 2, 2008 were not material.

Stock Based Compensation

9 Months Ended

Aug. 01, 2009

Stock-Based Compensation [Abstract]

Stock-Based Compensation

Note 3 — Stock-Based Compensation

Grant-Date Fair Value — The Company uses the Black-Scholes option pricing model to calculate the grant-date fair value of an award. Information pertaining to the Company’s stock option awards and the related estimated weighted-average assumptions to calculate the fair value of stock options granted during the three- and nine-month periods ended August 1, 2009 and August 2, 2008 are as follows:


	Three Months Ended						Nine Months Ended
Stock Options	August 1, 2009			August 2, 2008			August 1, 2009			August 2, 2008

Options granted (in thousands)		35			67			5,650			5,733
Weighted-average exercise price per share	$	22.96		$	31.96		$	19.60		$	29.89
Weighted-average grant-date fair value per share	$	6.26		$	9.07		$	7.42		$	7.91
Assumptions:
Weighted-average expected volatility		39.2	%		35.1	%		58.9	%		32.2	%
Weighted-average expected term (in years)		5.3			5.1			5.3			5.1
Risk-free interest rate		2.4	%		3.3	%		1.7	%		3.3	%
Expected dividend yield		3.5	%		2.5	%		4.1	%		2.4	%

Expected volatility — The Company is responsible for estimating volatility and has considered a number of factors, including third-party estimates, when estimating volatility. The Company currently believes that the exclusive use of implied volatility results in the best estimate of the grant-date fair value of employee stock options because it reflects the market’s current expectations of future volatility. In evaluating the appropriateness of exclusively relying on implied volatility, the Company concluded that: (1) options in the Company’s common stock are actively traded with sufficient volume on several exchanges; (2) the market prices of both the traded options and the underlying shares are measured at a similar point in time to each other and on a date close to the grant date of the employee share options; (3) the traded options have exercise prices that are both near-the-money and close to the exercise price of the employee share options; and (4) the maturities of the traded options used to estimate volatility are at least one year.

Expected term — The Company uses historical employee exercise and option expiration data to estimate the expected term assumption for the Black-Scholes grant-date valuation. The Company believes that this historical data is currently the best estimate of the expected term of a new option, and that generally its employees exhibit similar exercise behavior.

Risk-free interest rate — The yield on zero-coupon U.S. Treasury securities for a period that is commensurate with the expected term assumption is used as the risk-free interest rate.

Expected dividend yield — Expected dividend yield is calculated by annualizing the cash dividend declared by the Company’s Board of Directors for the current quarter and dividing that result by the closing stock price on the date of grant. Until such time as the Company’s Board of Directors declares a cash dividend for an amount that is different from the current quarter’s cash dividend, the current dividend will be used in deriving this assumption. Cash dividends are not paid on options, restricted stock or restricted stock units.

Stock-Based Compensation Expense

The amount of stock-based compensation expense recognized during a period is based on the value of the portion of the awards that are ultimately expected to vest. Statement of Financial Accounting Standards (SFAS) No. 123 (revised 2004), Share-Based Payment, (SFAS 123R), requires forfeitures to be estimated at the time of grant and revised, if necessary, in subsequent periods if actual forfeitures differ from those estimates. The term “forfeitures” is distinct from “cancellations” or “expirations” and represents only the unvested portion of the surrendered stock-based award. Based on an analysis of its historical forfeitures, the Company has applied an annual forfeiture rate of 4.3% to all unvested stock-based awards as of August 1, 2009. The rate of 4.3% represents the portion that is expected to be forfeited each year over the vesting period. This analysis will be re-evaluated quarterly and the forfeiture rate will be adjusted as necessary. Ultimately, the actual expense recognized over the vesting period will only be for those shares that vest.

Stock-Based Compensation Activity

A summary of the activity under the Company’s stock option plans as of August 1, 2009 and changes during the three- and nine-month periods then ended is presented below:


						Weighted-
						Average
	Options			Weighted-		Remaining		Aggregate
	Outstanding			Average Exercise		Contractual		Intrinsic
Activity during the Three Months Ended August 1, 2009	(in thousands)			Price Per Share		Term in Years		Value

Options outstanding at May 2, 2009		72,832		$	35.29
Options granted		35		$	22.96
Options exercised		(305	)	$	19.07
Options forfeited		(166	)	$	31.05
Options expired		(488	)	$	39.52

Options outstanding at August 1, 2009		71,908		$	35.34		4.5	$	88,898

Options exercisable at August 1, 2009		53,249		$	37.30		3.4	$	45,067

Options vested or expected to vest at August 1, 2009 (1)		70,666		$	35.49		4.5	$	84,555


(1)		In addition to the vested options, the Company expects a portion of the unvested options to vest at some point in the future. Options expected to vest is calculated by applying an estimated forfeiture rate to the unvested options.


				Weighted-Average
				Exercise Price Per
Activity during the Nine Months Ended August 1, 2009	Options Outstanding			Share

Options outstanding at November 1, 2008		70,340		$	36.63
Options granted		5,650		$	19.60
Options exercised		(488	)	$	18.15
Options forfeited		(832	)	$	33.52
Options expired		(2,762	)	$	39.77

Options outstanding at August 1, 2009		71,908		$	35.34

During the three and nine months ended August 1, 2009, the total intrinsic value of options exercised (i.e., the difference between the market price at exercise and the price paid by the employee to exercise the options) was $1.8 million and $2.5 million, respectively, and the total amount of proceeds received from exercise of these options was $5.8 million and $8.8 million, respectively. Proceeds from stock option exercises pursuant to employee stock plans in the Company’s statement of cash flows during the nine months ended August 1, 2009 of $8.7 million, is net of the value of shares surrendered by employees to satisfy employee tax obligations upon vesting of restricted stock or restricted stock units and in connection with the exercise of stock options granted to the Company’s employees under the Company’s equity compensation plans. The withholding amount is based on the Company’s minimum statutory withholding requirement pursuant to SFAS 123R. The total grant-date fair value of stock options that vested during the three and nine months ended August 1, 2009 was approximately $0.7 million and $72.8 million, respectively.

During the three and nine months ended August 2, 2008, the total intrinsic value of options exercised (i.e., the difference between the market price at exercise and the price paid by the employee to exercise the options) was $18.0 million and $94.5 million, respectively, and the total amount of cash received from exercise of these options was $20.9 million and $89.4 million, respectively. Proceeds from stock option exercises pursuant to employee stock plans in the Company’s statement of cash flows during the nine months ended August 2, 2008 of $83.0 million, is net of the value of shares surrendered by employees to satisfy employee tax obligations upon vesting of restricted stock or restricted stock units and in connection with the exercise of stock options granted to the Company’s employees under the Company’s equity compensation plans. The total grant-date fair value of stock options that vested during the three and nine months ended August 2, 2008 was approximately $0.9 million and $76.6 million, respectively.

A summary of the Company’s restricted stock and restricted stock unit award activity as of August 1, 2009 and changes during the three- and nine-month periods then ended is presented below:


	Restricted			Weighted-
	Shares and/ or			Average Grant
	Units			Date Fair Value
Activity during the Three Months Ended August 1, 2009	Outstanding			Per Share

Non-vested shares outstanding at May 2, 2009		146		$	25.02
Restrictions lapsed		(3	)	$	33.53

Non-vested shares outstanding at August 1, 2009		143		$	24.80


	Restricted
	Shares and/ or			Weighted-
	Units			Average Grant
	Outstanding			Date Fair Value
Activity during the Nine Months Ended August 1, 2009	(in thousands)			Per Share

Non-vested shares outstanding at November 1, 2008		92		$	31.80
Awards and/or units granted		73		$	19.44
Restrictions lapsed		(19	)	$	35.85
Forfeited		(3	)	$	36.55

Non-vested shares outstanding at August 1, 2009		143		$	24.80

As of August 1, 2009, there was $116.9 million (before tax consideration) of total unrecognized compensation cost related to unvested share-based awards, including stock options, restricted stock and restricted stock units. That cost is expected to be recognized over a weighted-average period of 1.7 years.

Earnings Per Share

9 Months Ended

Aug. 01, 2009

Earnings Per Share Disclosure [Abstract]

Earnings Per Share

Note 5 — Earnings Per Share

Basic earnings per share is computed based only on the weighted average number of common shares outstanding during the period. Diluted earnings per share is computed using the weighted average number of common shares outstanding during the period, plus the dilutive effect of potential future issuances of common stock relating to stock option programs and other potentially dilutive securities using the treasury stock method. In calculating diluted earnings per share, the dilutive effect of stock options is computed using the average market price for the respective period. In addition, under Statement of Financial Accounting Standards (SFAS) No. 123 (revised 2004), Share-Based Payment (SFAS 123R), the assumed proceeds under the treasury stock method include the average unrecognized compensation expense of stock options that are in-the-money. This results in the “assumed” buyback of additional shares, thereby reducing the dilutive impact of stock options. Potential future issuances of common stock related to certain of the Company’s outstanding stock options were excluded because they were anti-dilutive. Those potential future issuances of common stock, determined based on the weighted-average exercise prices during the respective periods, could be dilutive in the future.


	Three Months Ended
	August 1, 2009		August 2, 2008
Income from continuing operations, net of tax	$	65,460	$	129,195
Total income from discontinued operations, net of tax		—		9,413

Net income	$	65,460	$	138,608


Basic shares:
Weighted-average shares outstanding		291,387		290,376


Earnings per share-basic:
Income from continuing operations, net of tax	$	0.22	$	0.44
Total income from discontinued operations, net of tax		—		0.03

Net income (1)	$	0.22	$	0.48


Diluted shares:
Weighted-average shares outstanding		291,387		290,376
Assumed exercise of common stock equivalents		1,697		4,625

Weighted-average common and common equivalent shares		293,084		295,001


Earnings per share-diluted:
Income from continuing operations, net of tax	$	0.22	$	0.44
Total income from discontinued operations, net of tax		—		0.03

Net income (1)	$	0.22	$	0.47


Anti-dilutive common stock equivalents related to outstanding stock options		60,279		51,271


(1)		The sum of the individual per share amounts may not equal the total due to rounding.


	Nine Months Ended
	August 1, 2009		August 2, 2008
Income from continuing operations, net of tax	$	141,799	$	380,935
Total income from discontinued operations, net of tax		364		261,478

Net income	$	142,163	$	642,413


Basic shares:
Weighted-average shares outstanding		291,267		293,302


Earnings per share-basic:
Income from continuing operations, net of tax	$	0.49	$	1.30
Total income from discontinued operations, net of tax		0.00		0.89

Net income (1)	$	0.49	$	2.19


Diluted shares:
Weighted-average shares outstanding		291,267		293,302
Assumed exercise of common stock equivalents		992		4,905

Weighted-average common and common equivalent shares		292,259		298,207


Earnings per share-diluted:
Income from continuing operations, net of tax	$	0.49	$	1.28
Total income from discontinued operations, net of tax		0.00		0.88

Net income (1)	$	0.49	$	2.15


Anti-dilutive common stock equivalents related to outstanding stock options		63,967		55,261


(1)		The sum of the individual per share amounts may not equal the total due to rounding.

Special Charges

9 Months Ended

Aug. 01, 2009

Special Charges [Abstract]

Special Charges

Note 6 — Special Charges

A summary of the Company’s special charges is as follows:


				Reorganization			Consolidation						Closure of
	Closure of Wafer			of Product			of a Wafer		Reduction of		Reduction		Wafer
	Fabrication			Development			Fabrication		Overhead		of		Fabrication
	Facility			and			Facility in		Infrastructure		Operating		Facility		Total Special
Income Statement	in Sunnyvale			Support Programs			Limerick		Costs		Costs		in Cambridge		Charges
Fiscal 2005 Charges:
Workforce reductions	$	20,315		$	11,165		$	—	$	—	$	—	$	—	$	31,480

Total Fiscal 2005 Charges	$	20,315		$	11,165		$	—	$	—	$	—	$	—	$	31,480

Fiscal 2006 Charges:
Facility closure costs		—			554			—		—		—		—		554
Abandonment of equipment		—			459			—		—		—		—		459
Other items		—			462			—		—		—		—		462
Change in estimate		(2,029	)		—			—		—		—		—		(2,029	)
Workforce reductions		—			2,344			—		—		—		—		2,344

Total Fiscal 2006 Charges	$	(2,029	)	$	3,819		$	—	$	—	$	—	$	—	$	1,790

Fiscal 2007 Charges:
Facility closure costs		10,288			—			—		—		—		—		10,288
Workforce reductions		—			4,165			13,748		10,711		—		—		28,624
Other items		—			859			—		1,637		—		—		2,496
Change in estimate		—			(913	)		—		—		—		—		(913	)

Total Fiscal 2007 Charges	$	10,288		$	4,111		$	13,748	$	12,348	$	—	$	—	$	40,495

Fiscal 2008 Charges:
Workforce reductions		—			—			—		—		1,627		—		1,627
Change in estimate		—			—			1,461		—		—		—		1,461

Total Fiscal 2008 Charges	$	—		$	—		$	1,461	$	—	$	1,627	$	—	$	3,088

Fiscal 2009 Charges:
Workforce reductions		—			—			—		—		26,583		9,203		35,786
Facility closure costs		—			—			1,191		—		2,411		—		3,602
Non-cash impairment charge		—			—			—		—		839		12,929		13,768
Other items		—			—			—		—		500		—		500

Total Fiscal 2009 Charges	$	—		$	—		$	1,191	$	—	$	30,333	$	22,132	$	53,656


																Closure of
				Reorganization			Consolidation									Wafer
				of Product			of a Wafer			Reduction of						Fabrication
	Closure of Wafer			Development and			Fabrication			Overhead			Reduction of			Facility
	Fabrication Facility			Support			Facility in			Infrastructure			Operating			in			Total Special
Balance Sheet	in Sunnyvale			Programs			Limerick			Costs			Costs			Cambridge			Charges
Balance at November 1, 2008	$	1,747		$	1,415		$	11,754		$	1,764		$	1,501		$	—		$	18,181

Fiscal 2009 special charges		—			—			550			—			19,055			22,132			41,737
Severance payments		—			(168	)		(9,916	)		(676	)		(6,882	)		—			(17,642	)
Facility closure costs		(392	)		(17	)		(550	)		—			(130	)		—			(1,089	)
Non-cash impairment charge		—			—			—			—			(764	)		(12,929	)		(13,693	)
Effect of foreign currency on accrual		—			(1	)		324			3			3			—			329

Balance at January 31, 2009	$	1,355		$	1,229		$	2,162		$	1,091		$	12,783		$	9,203		$	27,823

Fiscal 2009 special charges		—			—			641			—			11,278			—			11,919
Severance payments		—			(126	)		(881	)		(376	)		(6,144	)		—			(7,527	)
Facility closure costs		(414	)		—			(45	)		—			(445	)		—			(904	)
Non-cash impairment charge		—			—			—			—			(75	)		—			(75	)
Other items		—			—			—			—			(198	)		—			(198	)
Effect of foreign currency on accrual		—			—			(141	)		51			(28	)		—			(118	)

Balance at May 2, 2009	$	941		$	1,103		$	1,736		$	766		$	17,171		$	9,203		$	30,920

Severance payments		—			(229	)		(1,193	)		(190	)		(5,662	)		—			(7,274	)
Facility closure costs		(386	)		(9	)		—			—			(652	)		—			(1,047	)
Other items		—			—			—			—			(52	)		—			(52	)
Effect of foreign currency on accrual		—			53			130			(3	)		38			—			218

Balance at August 1, 2009	$	555		$	918		$	673		$	573		$	10,843		$	9,203		$	22,765

Closure of Wafer Fabrication Facility in Sunnyvale

The Company ceased production at its California wafer fabrication facility in November 2006. The Company is paying the lease obligation costs on a monthly basis over the remaining lease term, which expires in 2010. The Company completed the clean-up activity during fiscal 2007, and does not expect to incur any additional charges related to this action.

Reorganization of Product Development and Support Programs

The Company recorded special charges in fiscal years 2005, 2006 and 2007 as a result of its decision to reorganize its product development and support programs with the goal of providing greater focus on its analog and digital signal processing product programs. The Company terminated the employment of all employees associated with these programs and is paying amounts owed to employees for severance as income continuance. The Company does not expect to incur any further charges related to this reorganization action.

Consolidation of a Wafer Fabrication Facility in Limerick

During the fourth quarter of fiscal 2007, the Company recorded a special charge of $13.7 million as a result of its decision to only use eight-inch technology at its wafer fabrication facility in Limerick. Certain manufacturing processes and products produced on the Limerick facility’s six-inch production line have transitioned to the Company’s existing eight-inch production line in Limerick while others have transitioned to external foundries. The charge was for severance and fringe benefit costs recorded pursuant to SFAS 88, Employers’ Accounting for Settlements and Curtailments of Defined Benefit Pension Plans and for Termination Benefits, or SFAS 88, under the Company’s ongoing benefit plan for 150 manufacturing employees associated with this action. As of August 1, 2009, the Company still employed 4 of the 150 employees included in this action. Most of the production in the six-inch wafer fabrication facility has ceased and the remaining production is expected to cease during the fourth quarter of fiscal 2009, at which time the employment of the remaining affected employees will be terminated. These employees must continue to be employed by the Company until their employment is involuntarily terminated in order to receive the severance benefit. During the fourth quarter of 2008, the Company recorded an additional charge of $1.5 million related to this action, of which $1.2 million was an adjustment to the original estimate of the severance costs and $0.3 million was for clean-up and closure costs that were expensed as incurred. During the first quarter of fiscal 2009, the Company recorded an additional charge of $0.6 million for clean-up and closure costs that were expensed as incurred. During the second quarter of fiscal 2009, the Company recorded an additional charge of $0.6 million for clean-up and closure costs that were expensed as incurred. The Company does not expect to incur any further charges related to this action.

Reduction of Overhead Infrastructure Costs

During the fourth quarter of fiscal 2007, the Company recorded a special charge as a result of its decision to either deemphasize or exit certain businesses or products and focus investments in products and end markets where it has better opportunities for profitable growth. In September 2007, the Company entered into a definitive agreement to sell its Baseband Chipset Business. As a result, the Company decided to reduce the support infrastructure in manufacturing, engineering and SMG&A to more appropriately reflect its required overhead structure. The Company terminated the employment of all employees associated with these programs and is paying amounts owed to employees for severance as income continuance. The Company does not expect to incur any further charges related to this action.

Reduction of Operating Costs

During the fourth quarter of fiscal 2008, in order to further reduce its operating cost structure, the Company recorded a special charge of $1.6 million for severance and fringe benefit costs recorded pursuant to SFAS 88 under its ongoing benefit plan or statutory requirements at foreign locations, for 19 engineering and SMG&A employees. The Company terminated the employment of all employees associated with this charge and is paying amounts owed to employees for severance as income continuance.

During the first quarter of fiscal 2009, the Company recorded an additional charge of $19.1 million related to this cost reduction action. Approximately $2.1 million of this charge was for lease obligation costs for facilities that the Company ceased using during the first quarter of fiscal 2009; approximately $0.8 million was for the write-off of property, plant and equipment; and approximately $0.6 million was for contract termination costs and for clean-up and closure costs that were expensed as incurred. The remaining $15.6 million related to the severance and fringe benefit costs recorded pursuant to SFAS 88 under the Company’s ongoing benefit plan or statutory requirements at foreign locations, for 221 manufacturing employees and 149 engineering and selling, marketing, general and administrative employees. As of August 1, 2009, the Company still employed 3 of the 370 employees included in this cost reduction action. These employees must continue to be employed by the Company until their employment is involuntarily terminated in order to receive the severance benefit.

During the second quarter of fiscal 2009, the Company recorded an additional charge of $11.3 million related to this cost reduction action. Approximately $0.1 million was for the write-off of property, plant and equipment; and approximately $0.3 million was for clean-up and closure costs that were expensed as incurred. The remaining $10.9 million related to the severance and fringe benefit costs recorded pursuant to SFAS 88 under the Company’s ongoing benefit plan or statutory requirements at foreign locations, for 24 manufacturing employees and 153 engineering and selling, marketing, general and administrative employees. As of August 1, 2009, the Company still employed 26 of the 177 employees included in this cost reduction action. These employees must continue to be employed by the Company until their employment is involuntarily terminated in order to receive the severance benefit.

Closure of a Wafer Fabrication Facility in Cambridge

During the first quarter of fiscal 2009, the Company recorded a special charge of $22.1 million as a result of its decision to consolidate its Cambridge, Massachusetts wafer fabrication facility into its existing Wilmington, Massachusetts facility. In connection with the anticipated closure of this facility, the Company evaluated the recoverability of the facilities’ manufacturing assets and concluded that there was an impairment of approximately $12.9 million based on the revised period of intended use. The remaining $9.2 million was for severance and fringe benefit costs recorded pursuant to SFAS 88 under the Company’s ongoing benefit plan for 175 manufacturing employees and 9 selling, marketing, general and administrative employees associated with this action. As of August 1, 2009, the Company still employed all of the employees included in this action. The Company expects production to cease in the Cambridge fabrication facility during the fourth quarter of fiscal 2009, at which time the employment of the affected employees will be terminated. These employees must continue to be employed by the Company until their employment is involuntarily terminated in order to receive the severance benefit.

Segment Information

9 Months Ended

Aug. 01, 2009

Segment Information [Abstract]

Segment Information

Note 7 — Segment Information

The Company operates and tracks its results in one reportable segment. The Company designs, develops, manufactures and markets a broad range of integrated circuits. The Chief Executive Officer has been identified as the Chief Operating Decision Maker as defined by SFAS 131, Disclosures about Segments of an Enterprise and Related Information.

Revenue Trends by End Market

The following table summarizes revenue by end market. The categorization of revenue by end market is determined using a variety of data points including the technical characteristics of the product, the “sold to” customer information, the “ship to” customer information and the end customer product or application into which the Company’s product will be incorporated. As data systems for capturing and tracking this data evolve and improve, the categorization of products by end market can vary over time. When this occurs, the Company reclassifies revenue by end market for prior periods. Such reclassifications typically do not materially change the sizing of, or the underlying trends of results within, each end market.


	Three Months Ended								Three Months Ended
	August 1, 2009								August 2, 2008
			% of								% of
	Revenue		Revenue			Y/Y%			Revenue		Revenue
Industrial	$	252,135		51	%		(29	)%	$	356,280		54	%
Communications		125,500		26	%		(15	)%		147,894		22	%
Consumer		102,323		21	%		(21	)%		129,784		20	%
Computer		12,033		2	%		(52	)%		25,028		4	%

Total revenue	$	491,991		100	%		(25	)%	$	658,986		100	%


	Nine Months Ended								Nine Months Ended
	August 1, 2009								August 2, 2008
			% of								% of
	Revenue		Revenue			Y/Y%			Revenue		Revenue
Industrial	$	753,271		52	%		(28	)%	$	1,043,899		54	%
Communications		391,399		27	%		(8	)%		427,143		22	%
Consumer		258,350		18	%		(32	)%		380,291		20	%
Computer		40,288		3	%		(43	)%		70,902		4	%

Total revenue	$	1,443,308		100	%		(25	)%	$	1,922,235		100	%

Revenue Trends by Product Type

The following table summarizes revenue by product categories. The categorization of the Company’s products into broad categories is based on the characteristics of the individual products, the specification of the products and in some cases the specific uses that certain products have within applications. The categorization of products into categories is therefore subject to judgment in some cases and can vary over time. In instances where products move between product categories the Company reclassifies the amounts in the product categories for all prior periods. Such reclassifications typically do not materially change the sizing of, or the underlying trends of results within, each product category.


	Three Months Ended								Three Months Ended
	August 1, 2009								August 2, 2008
			% of								% of
	Revenue		Revenue			Y/Y%			Revenue		Revenue
Converters	$	239,100		49	%		(21	%)	$	302,812		46	%
Amplifiers		119,897		24	%		(30	%)		170,526		26	%
Other analog		65,211		13	%		(19	%)		80,352		12	%

Subtotal analog signal processing		424,208		86	%		(23	%)		553,690		84	%
Power management & reference		27,986		6	%		(24	%)		36,674		6	%

Total analog products	$	452,194		92	%		(23	%)	$	590,364		90	%

General purpose DSP		38,923		8	%		(36	%)		60,521		9	%
Other DSP		874		0	%		(89	%)		8,101		1	%

Total digital signal processing	$	39,797		8	%		(42	%)	$	68,622		10	%

Total revenue	$	491,991		100	%		(25	%)	$	658,986		100	%


	Nine Months Ended								Nine Months Ended
	August 1, 2009								August 2, 2008
			% of								% of
	Revenue		Revenue			Y/Y%			Revenue		Revenue*
Converters	$	694,856		48	%		(21	%)	$	881,354		46	%
Amplifiers		373,646		26	%		(25	%)		496,992		26	%
Other analog		170,304		12	%		(30	%)		243,012		13	%

Subtotal analog signal processing		1,238,806		86	%		(24	%)		1,621,358		84	%
Power management & reference		82,316		6	%		(21	%)		104,789		5	%

Total analog products	$	1,321,122		92	%		(23	%)	$	1,726,147		90	%

General purpose DSP		117,249		8	%		(33	%)		173,921		9	%
Other DSP		4,937		0	%		(78	%)		22,167		1	%

Total digital signal processing	$	122,186		8	%		(38	%)	$	196,088		10	%

Total revenue	$	1,443,308		100	%		(25	%)	$	1,922,235		100	%


*		The sum of the individual percentages may not equal the total due to rounding.

Revenue Trends by Geographic Region

Revenue by geographic region, based upon customer location, for the three- and nine-month periods ended August 1, 2009 and August 2, 2008 was as follows:


	Three Months Ended				Nine Months Ended
Region	August 1, 2009		August 2, 2008		August 1, 2009		August 2, 2008
United States	$	94,326	$	131,168	$	298,713	$	393,921
Rest of North and South America		23,961		25,433		63,714		70,578
Europe		120,899		177,881		369,499		509,347
Japan		91,480		128,457		235,749		380,940
China		85,317		103,632		274,374		284,358
Rest of Asia		76,008		92,415		201,259		283,091

Total revenue	$	491,991	$	658,986	$	1,443,308	$	1,922,235

In the three- and nine-month periods ended August 1, 2009 the predominant countries comprising “Rest of North and South America” are Canada and Mexico; the predominant countries comprising “Europe” are Germany and Sweden; and the predominant countries comprising “Rest of Asia” are Taiwan and Korea.

In the three- and nine-month periods ended August 2, 2008 the predominant countries comprising “Rest of North and South America” are Canada and Mexico; the predominant countries comprising “Europe” are Germany, France, the United Kingdom and Italy; and the predominant countries comprising “Rest of Asia” are Taiwan and Korea.

Fair Value

9 Months Ended

Aug. 01, 2009

Fair Value [Abstract]

Fair Value

Note 8 — Fair Value

The Company adopted Statement of Financial Accounting Standard No. 157, Fair Value Measurements (SFAS 157), at the beginning of fiscal year 2009. SFAS 157 defines fair value, establishes a framework for measuring fair value in accordance with generally accepted accounting principles, and expands disclosures about fair value measurements. SFAS 157 is effective for non-financial assets and liabilities in financial statements issued for fiscal years beginning after November 15, 2008, which is the Company’s fiscal year 2010. The adoption of SFAS 157 did not impact the Company’s consolidated financial position or results of operations. SFAS 157 defines fair value as the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date. SFAS 157 establishes a three level hierarchy to prioritize the inputs to valuation techniques used to measure fair value. The hierarchy gives the highest priority to unadjusted quoted prices in active markets for identical assets or liabilities (Level 1 measurements) and the lowest priority to unobservable inputs (Level 3 measurements).

The three levels of the fair value hierarchy under SFAS 157 are described below:

Level 1 – Level 1 inputs are quoted prices (unadjusted) in active markets for identical assets or liabilities that the reporting entity has the ability to access at the measurement date.

Level 2 – Level 2 inputs are inputs other than quoted prices included within Level 1 that are observable for the asset or liability, either directly or indirectly. If the asset or liability has a specified (contractual) term, a Level 2 input must be observable for substantially the full term of the asset or liability.

Level 3 – Level 3 inputs are unobservable inputs for the asset or liability in which there is little, if any market activity for the asset or liability at the measurement date. As of August 1, 2009, the Company held no Level 3 assets or liabilities.

The table below sets forth by level the Company’s financial assets and liabilities that were accounted for at fair value as of August 1, 2009. The table does not include cash on hand and also does not include assets and liabilities that are measured at historical cost or any basis other than fair value.


			Fair Value measurement at
			Reporting Date using:
	Portion of		Quoted Prices
	Carrying		in Active		Significant
	Value		Markets for		Other
	Measured at		Identical		Observable
	Fair Value		Assets		Inputs
	August 1, 2009		(Level 1)		(Level 2)
Assets
Cash Equivalents:
Institutional money market funds	$	593,878	$	593,878	$	—
Euro time deposits		622		—		622
Short-term investments:
Corporate obligations		1,091,729		—		1,091,729
Other Assets:
Interest rate swap agreements		1,488		—		1,488
Deferred compensation investments		8,360		8,360		—
Other investments		1,677		1,677		—

Total assets measured at fair value	$	1,697,754	$	603,915	$	1,093,839


Liabilities
Long-term debt	$	374,926		—	$	374,926
Forward foreign currency exchange contracts		5,679		—		5,679

Total liabilities measured at fair value	$	380,605	$	—	$	380,605

The following methods and assumptions were used by the Company in estimating its fair value disclosures for financial instruments:

Cash equivalents and short-term investments — These investments are adjusted to fair value based on quoted market prices or are determined using a yield curve model based on current market rates.

Deferred compensation plan investments and other investments — The fair value of these investments is based on quoted market prices.

Long-term debt — The fair value of long-term debt is based on quoted market values.

Interest rate swap agreements — The fair value of interest rate swap agreements is based on quotes received from third party banks. These values represent the estimated amount the Company would receive or pay to terminate the agreements taking into consideration current interest rates as well as the creditworthiness of the counterparty.

Forward foreign currency exchange contracts — The estimated fair value of forward foreign currency exchange contracts, which includes derivatives that are accounted for as cash flow hedges and those that are not designated as cash flow hedges, is based on the estimated amount the Company would receive to sell these agreements at the reporting date taking into consideration current interest rates as well as the creditworthiness of the counterparty for assets and our creditworthiness for liabilities.

Derivatives

9 Months Ended

Aug. 01, 2009

Derivatives [Abstract]

Derivatives

Note 9 — Derivatives

Foreign Exchange Exposure Management — The Company enters into forward foreign currency exchange contracts to offset certain operational and balance sheet exposures from the impact of changes in foreign currency exchange rates. Such exposures result from the portion of the Company’s operations, assets and liabilities that are denominated in currencies other than the U.S. dollar, primarily the Euro; other exposures include the Philippine Peso and British Pounds Sterling. These foreign currency exchange contracts are entered into to support purchases and financing transactions made in the normal course of business, and accordingly, are not speculative in nature. The contracts are for periods consistent with the terms of the underlying transactions, generally one year or less. In accordance with Statement of Financial Accounting Standards No. 133 (SFAS 133), Accounting for Derivative Instruments and Hedging Activities, hedges related to anticipated transactions are designated and documented at the inception of the respective hedges as cash flow hedges and are evaluated for effectiveness monthly. Derivative instruments are employed to eliminate or minimize certain foreign currency exposures that can be confidently identified and quantified. As the terms of the contract and the underlying transaction are matched at inception, forward contract effectiveness is calculated by comparing the change in fair value of the contract to the change in the forward value of the anticipated transaction, with the effective portion of the gain or loss on the derivative instrument reported as a component of accumulated other comprehensive (loss) income (OCI) in shareholders’ equity and reclassified into earnings in the same period during which the hedged transaction affects earnings. Any residual change in fair value of the instruments, or ineffectiveness, is recognized immediately in other income/expense. Additionally, the Company enters into forward foreign currency contracts that economically hedge the gains and losses generated by the remeasurement of certain recorded assets and liabilities in a non-functional currency. Changes in the fair value of these undesignated hedges are recognized in other income/expense immediately as an offset to the changes in the fair value of the asset or liability being hedged. As of August 1, 2009, the total notional amount of these undesignated hedges was $45.7 million. The fair value of these hedging instruments in our condensed consolidated balance sheet as of August 1, 2009 was immaterial.

Interest Rate Exposure Management — On June 30, 2009, the Company entered into interest rate swap transactions related to its outstanding notes where the Company swapped the notional amount of its $375 million of fixed rate debt at 5.0% into floating interest rate debt through July 1, 2014. Under the terms of the swaps, the Company will (i) receive on the $375 million notional amount a 5.0% annual interest payment that is paid in two installments on the 1^st of every January and July, commencing January 1, 2010 through and ending on the maturity date; and (ii) pay on the $375 million notional amount an annual three-month LIBOR plus 2.05% (2.64% as of August 1, 2009) interest payment, payable in four installments on the 1^st of every January, April, July and October, commencing on October 1, 2009 and ending on the maturity date. The LIBOR based rate is set quarterly three months prior to the date of the interest payment. The Company designated these swaps as fair value hedges and is accounting for them in accordance with SFAS 133. The fair value of the swaps at inception were zero and subsequent changes in the fair value of the interest rate swaps were reflected in the carrying value of the interest rate swaps on the balance sheet. The carrying value of the debt on the balance sheet was adjusted by an equal and offsetting amount. The gain or loss on the hedged item (that is fixed-rate borrowings) attributable to the hedged benchmark interest rate risk and the offsetting gain or loss on the related interest rate swaps for the three and nine months ended August 1, 2009 are as follows:


						Net
	Gain/(Loss) on		Gain/(Loss)			Income
Income Statement Classification	Swaps		on Note			Effect
Other income	$	1,488	$	(1,488	)	$	—

The amounts earned and owed under the swap agreements are accrued each period and are reported in interest expense. There was no ineffectiveness recognized in any of the periods presented.

The market risk associated with the Company’s derivative instruments results from currency exchange rate or interest rate movements that are expected to offset the market risk of the underlying transactions, assets and liabilities being hedged. The counterparties to the agreements relating to the Company’s derivative instruments consist of a number of major international financial institutions with high credit ratings. The Company does not believe that there is significant risk of nonperformance by these counterparties because the Company continually monitors the credit ratings of such counterparties, and limits the financial exposure with any one financial institution. Furthermore, none of our derivative transactions are subject to collateral or other security arrangements and do not contain provisions that are dependent on our credit ratings from any credit rating agency. While the contract or notional amounts of derivative financial instruments provide one measure of the volume of these transactions, they do not represent the amount of the Company’s exposure to credit risk. The amounts potentially subject to credit risk (arising from the possible inability of counterparties to meet the terms of their contracts) are generally limited to the amounts, if any, by which the counterparties’ obligations under the contracts exceed the obligations of the Company to the counterparties. As a result of the above considerations, we do not consider the risk of counterparty default to be significant.

The Company records the fair value of its derivative financial instruments in the consolidated financial statements in other current assets, other assets or accrued liabilities, depending on their net position, regardless of the purpose or intent for holding the derivative contract. Changes in the fair value of the derivative financial instruments are either recognized periodically in earnings or in shareholders’ equity as a component of OCI depending on whether the derivative financial instrument qualifies for hedge accounting as defined by SFAS 133 and whether it is a cash flow hedge or a fair value hedge. Changes in the fair value of cash flow hedges are recorded in OCI and reclassified into earnings when the underlying contract matures. Changes in the fair values of derivatives not qualifying for hedge accounting are reported in earnings as they occur.

The total notional amount of derivative instruments designated as hedging instruments under SFAS 133 as of August 1, 2009 is as follows: $375 million of interest rate swap agreements accounted as fair value hedges, and $124.4 million of cash flow hedges denominated in Euros, British Pounds Sterling and Philippine Pesos. The fair value of these hedging instruments in our condensed consolidated balance sheet as of August 1, 2009 was as follows:


	Balance Sheet Location	Fair Value
Interest rate swap agreements	Other Assets	$	1,488
Forward foreign currency exchange contracts	Accrued Liabilities	$	5,679

The effect of derivative instruments designated as cash flow hedges on our condensed consolidated statement of income for the three and nine months ended August 1, 2009 was as follows:


	Three Months		Nine Months
	Ended		Ended
	August 1, 2009		August 1, 2009
Gain recognized in OCI on derivative, net of tax of $1,307 and $5,656, respectively	$	7,838	$	37,867
Gain (loss) reclassified from OCI into income, net of tax of $29 and $1,819, respectively	$	175	$	(12,727	)

The amounts reclassified into earnings before tax are recognized in cost of sales and operating expenses as follows: for the three month period ended August 1, 2009, $0.1 million in cost of sales, and $0.1 million in selling, marketing, general and administrative; and for the nine month period ended August 1, 2009, $6.5 million in cost of sales, $4.4 million in research and development and $3.6 million in selling, marketing, general and administrative. All derivative gains (losses) included in OCI will be reclassified into earnings within the next 12 months. There was no ineffectiveness for the three and nine months ended August 1, 2009.

Goodwill and Intangible Assets

9 Months Ended

Aug. 01, 2009

Goodwill and Intangible Assets [Abstract]

Goodwill and Intangible Assets

Note 10 — Goodwill and Intangible Assets

Goodwill

The Company annually evaluates goodwill for impairment as well as whenever events or changes in circumstances suggest that the carrying value of goodwill may not be recoverable. Because the Company has one reporting segment under Statement of Financial Accounting Standards No. 142, Goodwill and Other Intangible Assets, the Company utilizes the entity-wide approach for assessing goodwill for impairment and compares its market value to its net book value to determine if an impairment exists. No impairment of goodwill resulted from the Company’s most recent evaluation of goodwill for impairment, which occurred in the fourth quarter of fiscal 2008. No impairment of goodwill resulted in any of the fiscal years presented. The Company’s next scheduled annual impairment assessment will be made in the fourth quarter of fiscal 2009. The following table presents the changes in goodwill during the first nine months of fiscal 2009:


	Nine Months
	Ended
	August 1, 2009
Balance at beginning of period	$	235,175
Acquisition of AudioAsics (1)		3,071
Acquisition of Integrant Technologies (2)		2,098
Foreign currency translation adjustment		7,003

Balance at end of period	$	247,347


(1)		The final milestone related to this 2006 acquisition was achieved in the second quarter of fiscal 2009.

(2)		The company purchased the remaining outstanding minority shares related to this 2006 acquisition during the third quarter of fiscal 2009.

Intangible Assets

The Company reviews identified intangible assets for impairment whenever events or changes in circumstances indicate that the carrying value of assets may not be recoverable. Recoverability of these assets is measured by comparison of their carrying value to future undiscounted cash flows the assets are expected to generate over their remaining economic lives. If such assets are considered to be impaired, the impairment to be recognized in earnings equals the amount by which the carrying value of the assets exceeds their fair value determined by either a quoted market price, if any, or a value determined by utilizing a discounted cash flow technique.

Intangible assets, which will continue to be amortized, consisted of the following:


	August 1, 2009				November 1, 2008
	Gross				Gross
	Carrying		Accumulated		Carrying		Accumulated
	Amount		Amortization		Amount		Amortization
Technology-based	$	39,099	$	31,520	$	36,516	$	25,731
Tradename		1,465		1,465		1,438		1,430
Customer Relationships		4,968		3,731		4,529		3,022
Other		6,565		6,565		6,534		6,534

Total	$	52,097	$	43,281	$	49,017	$	36,717

Intangible assets are amortized on a straight-line basis over their estimated useful lives or on an accelerated method of amortization that is expected to reflect the estimated pattern of economic use. The remaining amortization expense will be recognized over a weighted-average period of approximately 0.7 years.

Amortization expense was $1.7 million and $2.4 million for the three-month periods ended August 1, 2009 and August 2, 2008, respectively, and $5.2 million and $7.5 million for the nine-month periods ended August 1, 2009 and August 2, 2008, respectively.

The Company expects amortization expense for these intangible assets to be:


Fiscal	Amortization
Year	Expense
Remainder of 2009	$	2,209
2010	$	5,240
2011	$	1,367

Discontinued Operations

9 Months Ended

Aug. 01, 2009

Discontinued Operations [Abstract]

Discontinued Operations

Note 15 — Discontinued Operations

In November 2007, the Company entered into a purchase and sale agreement with certain subsidiaries of ON Semiconductor Corporation to sell the Company’s CPU voltage regulation and PC thermal monitoring business which consists of core voltage regulator products for the central processing unit in computing and gaming applications and temperature sensors and fan-speed controllers for managing the temperature of the central processing unit. During the first quarter of fiscal 2008, the Company completed the sale of this business for net cash proceeds of $138 million, which was net of other cash payments of approximately $1.4 million. The Company made final additional cash payments of approximately $2.2 million in the second quarter of fiscal 2008. In connection with the purchase and sale agreement, $7.5 million was placed into escrow and was excluded from the gain calculations. The Company recorded a pre-tax gain in the first quarter of fiscal 2008 of $78 million, or $43 million net of tax, which was recorded as a gain on sale of discontinued operations. During the third quarter of fiscal 2008, additional proceeds were released from escrow and an additional pre-tax gain of $6.6 million, or $3.8 million net of tax, was recorded as a gain on sale of discontinued operations. Additionally, at the time of the sale, the Company entered into a one-year manufacturing supply agreement with a subsidiary of ON Semiconductor Corporation for an additional $37 million. The Company has allocated the proceeds from this arrangement based on the fair value of the two elements of this transaction: 1) the sale of a business and 2) the obligation to manufacture product for a one-year period. As a result, $85 million was recorded as a liability related to the manufacturing supply agreement, all of which has been utilized. The liability was included in current liabilities of discontinued operations on the Company’s consolidated balance sheet. The Company recorded the revenue associated with this manufacturing supply agreement in discontinued operations. As a result, the Company classified inventory for this arrangement as a current asset of discontinued operations. The Company may receive additional proceeds of up to $1 million, currently held in escrow, upon the resolution of certain contingent items, which would be recorded as additional gain from the sale of discontinued operations.

In September 2007, the Company entered into a definitive agreement to sell its Baseband Chipset Business to MediaTek Inc. The decision to sell the Baseband Chipset Business was due to the Company’s decision to focus its resources in areas where its signal processing expertise can provide unique capabilities and earn superior returns. On January 11, 2008, the Company completed the sale of its Baseband Chipset Business for net cash proceeds of $269 million. The cash proceeds received were net of a refundable withholding tax of $62 million and other cash payments of approximately $9 million. The Company made additional cash payments of $7.8 million during fiscal 2008, primarily related to transaction fees and retention payments to employees that transferred to MediaTek Inc. The Company made additional cash payments of $1.3 million during the second quarter of fiscal 2009 related to retention payments for employees who transferred to MediaTek Inc. The Company expects to make additional cash payments of approximately $1.2 million in the fourth quarter of fiscal 2009 for reimbursement of intellectual property license fees incurred by MediaTek Inc. The Company recorded a pre-tax gain in fiscal 2008 of $278 million, or $202 million net of tax, which is recorded as a gain on sale of discontinued operations. The Company may receive additional proceeds of up to $10 million, currently held in escrow, upon the resolution of certain contingent items, which would be recorded as additional gain from the sale of discontinued operations.

The Company received additional amounts under various transition service agreements entered into in connection with these dispositions. The transition service agreements included manufacturing, engineering support and certain human resource services and information technology systems support. At the time of the disposition the Company evaluated the nature of the transition services and concluded the services would be primarily completed within the one-year assessment period, and the Company did not have the ability to exert significant influence over the disposed businesses’ operating and financial policies. Accordingly, the Company concluded that it did not have a significant continuing involvement with the disposed businesses and has presented the disposition of these businesses as discontinued operations pursuant to SFAS No. 144, Accounting for the Impairment or Disposal of Long-Lived Assets.

The following amounts related to the CPU voltage regulation and PC thermal monitoring and Baseband Chipset businesses have been segregated from continuing operations and reported as discontinued operations. These amounts also include the revenue and costs of sales provided under a manufacturing supply agreement between the Company and a subsidiary of ON Semiconductor Corporation, which terminated during the first quarter of fiscal year 2009.


	Three Months Ended
	August 1, 2009		August 2, 2008
Total revenue	$	—	$	25,274
Cost of sales		—		20,941
Operating expenses		—		(6,683	)

Income before income taxes		—		11,016

Provision for income taxes		—		1,603

Income from discontinued operations, net of tax	$	—	$	9,413


	Nine Months Ended
	August 1, 2009			August 2, 2008
Total revenue	$	10,332		$	93,767
Cost of sales		10,847			73,479
Operating expenses		15			14,401
Gain on sale of discontinued operations		—			(362,594	)

(Loss) income before income taxes		(530	)		368,481

(Benefit from) provision for income taxes		(894	)		107,003

Income from discontinued operations, net of tax	$	364		$	261,478


	August 1, 2009		November 1, 2008
Inventory	$	—	$	5,894

Total assets reclassified to current assets of discontinued operations	$	—	$	5,894

Refundable foreign withholding tax	$	62,037	$	62,037

Total assets reclassified to non-current assets of discontinued operations	$	62,037	$	62,037

Accounts payable	$	—	$	1,540
Income taxes payable		—		4,105
Accrued liabilities		1,200		12,809

Total liabilities reclassified to current liabilities of discontinued operations	$	1,200	$	18,454

Income Taxes	9 Months Ended
Income Taxes	Aug. 01, 2009
Income Taxes [Abstract]
Income Taxes	Note 16 — Income Taxes The Company has provided for potential liabilities due in the various jurisdictions in which the Company operates. Judgment is required in determining the worldwide income tax expense provision. In the ordinary course of global business, there are many transactions and calculations where the ultimate tax outcome is uncertain. Some of these uncertainties arise as a consequence of cost reimbursement arrangements among related entities. Although the Company believes its estimates are reasonable, no assurance can be given that the final tax outcome of these matters will not be different than that which is reflected in the historical income tax provisions and accruals. Such differences could have a material impact on the Company’s income tax provision and operating results in the period in which such determination is made. Fiscal Year 2004 and 2005 IRS Examination During the fourth quarter of fiscal 2007, the IRS completed its field examination of the Company’s fiscal years 2004 and 2005. On January 2, 2008, the IRS issued its report for fiscal 2004 and 2005, which included proposed adjustments related to these two fiscal years. The Company has recorded taxes and penalties related to certain of these proposed adjustments. There are four items with an additional potential total tax liability of $46 million. The Company has concluded, based on discussions with its tax advisors, that these four items are not likely to result in any additional tax liability. Therefore, the Company has not recorded any additional tax liability for these items and is appealing these proposed adjustments through the normal processes for the resolution of differences between the IRS and taxpayers. The Company’s initial meeting with the appellate division of the IRS was held in May 2009. Two of the unresolved matters are one-time issues and pertain to Section 965 of the Internal Revenue Code related to the beneficial tax treatment of dividends from foreign owned companies under The American Jobs Creation Act. The other matters pertain to the computation of research and development (R&D) tax credits and the profits earned from manufacturing activities carried on outside the United States. These latter two matters could impact taxes payable for fiscal 2004 and 2005 as well as for subsequent years. Fiscal Year 2006 and 2007 IRS Examination During the third quarter of fiscal 2009, the IRS completed its field examination of the Company’s fiscal years 2006 and 2007. The IRS and the Company have agreed on the treatment of a number of issues that have been included in an Issue Resolutions Agreement related to the 2006 and 2007 tax returns. However, no agreement was reached on the tax treatment of a number of issues, including the same R&D credit and foreign manufacturing issues mentioned above related to fiscal 2004 and 2005, the pricing of intercompany sales (transfer pricing), and the deductibility of certain stock option compensation expenses. During the third quarter of fiscal 2009, the IRS issued its report for fiscal 2006 and fiscal 2007, which included proposed adjustments related to these two fiscal years. The Company has recorded taxes and penalties related to certain of these proposed adjustments. There are four items with an additional potential total tax liability of $195 million. The Company concluded, based on discussions with its tax advisors, that these four items are not likely to result in any additional tax liability. Therefore, the Company has not recorded any additional tax liability for these items and is appealing these proposed adjustments through the normal processes for the resolution of differences between the IRS and taxpayers. With the exception of the proposed adjustment related to the deductibility of certain stock option expenses, the other three matters could impact taxes payable for fiscal 2006 and 2007 as well as for subsequent years. Fiscal Year 2008 IRS Examination The IRS has not started their examination of fiscal year 2008. Although the Company believes its estimates of income tax payable are reasonable, no assurance can be given that the Company will prevail in the matters raised and that the outcome of one or all of these matters will not be different than that which is reflected in the historical income tax provisions and accruals. The Company believes such differences would not have a material impact on the Company’s financial condition but could have a material impact on the Company’s income tax provision, operating results and operating cash flows in the period in which such matters are resolved.

New Accounting Standards	9 Months Ended
New Accounting Standards	Aug. 01, 2009
New Accounting Standards [Abstract]
New Accounting Standards	<!--DOCTYPE html PUBLIC "-//W3C//DTD XHTML 1.0 Transitional//EN" "http://www.w3.org/TR/xhtml1/DTD/xhtml1-transitional.dtd" --> <html> <head></head> <body> <!-- Begin Block Tagged Note 17 - adi:NewAccountingStandardsTextBlock--> <div style="font-family: 'Times New Roman',Times,serif"> <div align="left" style="font-size: 10pt; margin-top: 12pt"><b>Note 17 — New Accounting Standards</b> </div> <div align="left" style="font-size: 10pt; margin-top: 6pt"> <i>Accounting Standards Codification</i> </div> <div align="left" style="font-size: 10pt; margin-top: 6pt">In June 2009, the FASB issued SFAS No. 168, <i>The FASB Accounting Standards Codification™ and the Hierarchy of Generally Accepted Accounting Principles (a replacement of FASB Statement No. 162)</i> (SFAS 168). SFAS 168 identifies the sources of accounting principles and the framework for selecting the principles used in the preparation of financial statements of nongovernmental entities that are presented in conformity with generally accepted accounting principles in the United States. SFAS 168 establishes the FASB Accounting Standards Codification™ (Codification) as the source of authoritative accounting principles recognized by the FASB. SFAS 168 is effective for financial statements issued for interim and annual periods ending after September 15, 2009, which is the Company’s fourth fiscal quarter of 2009. Upon adoption the Codification will be used to identify authoritative accounting standards. </div> <div align="left" style="font-size: 10pt; margin-top: 6pt"> <i>Variable Interest Entities</i> </div> <div align="left" style="font-size: 10pt; margin-top: 6pt">In June 2009, the FASB issued SFAS No. 167, <i>Amendments to FASB Interpretation No. 46(R) </i>(SFAS 167)<i>.</i> SFAS 167 requires an enterprise to perform an analysis to determine whether the enterprise’s variable interest or interests give it a controlling financial interest in a variable interest entity. Additionally, an enterprise is required to assess whether it has an implicit financial responsibility to ensure that a variable interest entity operates as designed when determining whether it has the power to direct the activities of the variable interest entity that most significantly impact the entity’s economic performance. SFAS 167 is effective for fiscal years that begin after November 15, 2009, which is the Company’s fiscal year 2011. The Company is currently evaluating the impact, if any, that SFAS 167 may have on its financial condition and results of operations. </div> <!-- Folio --> <!-- /Folio --> </div> <!-- PAGEBREAK --> <div style="font-family: 'Times New Roman',Times,serif"> <div align="left" style="font-size: 10pt; margin-top: 6pt"> <i>Transfers of Financial Assets</i> </div> <div align="left" style="font-size: 10pt; margin-top: 6pt">In June 2009, the FASB issued SFAS No. 166, <i>Accounting for Transfers of Financial Assets, an amendment of FASB Statement No. 140 </i>(SFAS 166)<i>. </i>SFAS 166 changes the way entities account for securitizations and other transfers of financial instruments. SFAS 166 is effective for fiscal years that begin after November 15, 2009, which is the Company’s fiscal year 2011. The Company is currently evaluating the impact, if any, that SFAS 166 may have on its financial condition and results of operations. </div> <div align="left" style="font-size: 10pt; margin-top: 6pt"> <i>Business Combinations</i> </div> <div align="left" style="font-size: 10pt; margin-top: 6pt">In December 2007, the FASB issued SFAS No. 141 (revised 2007), <i>Business Combinations </i>(SFAS 141R). SFAS 141R requires an acquiring entity in a business combination to recognize the assets acquired, liabilities assumed and any noncontrolling interest in the acquiree at their fair value on the acquisition date. It further requires that acquisition-related costs and restructuring costs be recognized separately from the acquisition. SFAS 141R is effective for fiscal years beginning after December 15, 2008, which is the Company’s fiscal year 2010. The Company is currently evaluating the impact, if any, that SFAS 141R may have on its financial condition and results of operations. The adoption of SFAS 141R will change the Company’s accounting treatment for business combinations on a prospective basis beginning in the first quarter of fiscal year 2010. </div> <div align="left" style="font-size: 10pt; margin-top: 6pt"> <i>Noncontrolling Interests</i> </div> <div align="left" style="font-size: 10pt; margin-top: 6pt">In December 2007, the FASB issued SFAS No. 160, <i>Noncontrolling Interests in Consolidated Financial Statements </i>(SFAS 160). SFAS 160 clarifies that a noncontrolling or minority interest in a subsidiary is considered an ownership interest and, accordingly, requires all entities to report such interests in subsidiaries as equity in the consolidated financial statements. SFAS 160 is effective for fiscal years beginning after December 15, 2008, which is the Company’s fiscal year 2010. The Company is currently evaluating the impact, if any, that SFAS 160 may have on its financial condition and results of operations. </div> </div> </body> </html>

Basis of Presentation	9 Months Ended
Basis of Presentation	Aug. 01, 2009
Basis of Presentation [Abstract]
Basis of Presentation	Note 1 — Basis of Presentation In the opinion of management, the information furnished in the accompanying condensed consolidated financial statements reflects all normal recurring adjustments that are necessary to fairly state the results for these interim periods and should be read in conjunction with the Company’s Annual Report on Form 10-K for the fiscal year ended November 1, 2008 and related notes. The results of operations for the interim period shown in this report are not necessarily indicative of the results that may be expected for the fiscal year ending October 31, 2009 or any future period. The Company sold its baseband chipset business and related support operations (Baseband Chipset Business) to MediaTek Inc. and sold its CPU voltage regulation and PC thermal monitoring business to certain subsidiaries of ON Semiconductor Corporation during the first quarter of fiscal 2008. The Company has reflected the financial results of these businesses as discontinued operations in the consolidated statements of income for all periods presented. The assets and liabilities of these businesses are reflected as assets and liabilities of discontinued operations in the consolidated balance sheets as of August 1, 2009 and November 1, 2008. The Company has a 52-53 week fiscal year that ends on the Saturday closest to the last day in October. Fiscal 2009 and fiscal 2008 are 52-week fiscal years. Certain amounts reported in previous years have been reclassified to conform to the fiscal 2009 presentation. Such reclassified amounts were immaterial.

Revolving Credit Facility	9 Months Ended
Revolving Credit Facility	Aug. 01, 2009
Revolving Credit Facility [Abstract]
Revolving Credit Facility	Note 12 — Revolving Credit Facility As of August 1, 2009, the Company had $1,724.4 million of cash and cash equivalents and short term investments, of which $426.0 million was held in the United States. The balance of the Company’s cash and cash equivalents and short term investments was held outside the United States in various foreign subsidiaries. As the Company intends to reinvest certain of its foreign earnings indefinitely, this cash is not available to meet certain of the Company’s cash requirements in the United States, including for cash dividends and common stock repurchases. The Company entered into a five-year, $165 million unsecured revolving credit facility with certain institutional lenders in May 2008. To date, the Company has not borrowed under this credit facility but the Company may borrow in the future and use the proceeds for support of commercial paper issuance, stock repurchases, dividend payments, acquisitions, capital expenditures, working capital and other lawful corporate purposes. Any advances under this credit agreement will accrue interest at rates that are equal to LIBOR plus a margin that is based on the Company’s leverage ratio. The terms of this facility also include financial covenants that require the Company to maintain a minimum interest coverage ratio and not exceed a maximum leverage ratio. The Company is currently compliant with these covenants. The terms of the facility also impose restrictions on the Company’s ability to undertake certain transactions, to create certain liens on assets and to incur certain subsidiary indebtedness.

Long Term Debt	9 Months Ended
Long Term Debt	Aug. 01, 2009
Long-Term Debt [Abstract]
Long-Term Debt	Note 13 — Long-Term Debt On June 30, 2009, the Company issued $375 million aggregate principal amount of 5.0% notes due July 1, 2014 (the Notes) with semi-annual fixed interest payments on January 1 and July 1 of each year, commencing January 1, 2010. The sale of the Notes was made pursuant to the terms of an underwriting agreement dated June 25, 2009 between the Company and Credit Suisse Securities (USA) LLC, as representative of the several underwriters named therein. The net proceeds of the offering were $370.4 million, after issuing at a discount and deducting expenses, underwriting discounts and commissions, which will be amortized over the term of the Notes. The indenture governing the Notes contains covenants that may limit the Company’s ability to: incur, create, assume or guarantee any debt for borrowed money secured by a lien upon its principal property; enter into sale and lease-back transactions; and consolidate with or merge into, or transfer or lease all or substantially all of its assets to, any other party. On June 30, 2009, the Company entered into interest rate swap transactions where the Company swapped the notional amount of its $375 million of fixed rate debt at 5.0% into floating interest rate debt through July 1, 2014. Under the terms of the swaps, the Company will (i) receive on the $375 million notional amount a 5.0% annual interest payment that is paid in two installments on the 1^st of every January and July, commencing January 1, 2010 through and ending on the maturity date; and (ii) pay on the $375 million notional amount an annual three-month LIBOR plus 2.05% (2.64% as of August 1, 2009) interest payment, payable in four installments on the 1^st of every January, April, July and October, commencing on October 1, 2009 and ending on the maturity date. The LIBOR based rate is set quarterly three months prior to the date of the interest payment. The Company designated these swaps as fair value hedges and is accounting for them in accordance with SFAS 133. The changes in the fair value of the interest rate swaps were reflected in the carrying value of the interest rate swaps in other assets on the balance sheet. The carrying value of the debt on the balance sheet was adjusted by an equal and offsetting amount.

Common Stock Repurchase	9 Months Ended
Common Stock Repurchase	Aug. 01, 2009
Common Stock Repurchase [Abstract]
Common Stock Repurchase	Note 14 — Common Stock Repurchase The Company’s common stock repurchase program has been in place since August 2004. In the aggregate, the Board of Directors has authorized the Company to repurchase $4 billion of the Company’s common stock under the program. Under the program, the Company may repurchase outstanding shares of its common stock from time to time in the open market and through privately negotiated transactions. Unless terminated earlier by resolution of the Company’s Board of Directors, the repurchase program will expire when the Company has repurchased all shares authorized under the program. As of August 1, 2009, the Company had repurchased a total of approximately 114.7 million shares of its common stock for approximately $3,908.4 million under this program. An additional $91.6 million of shares remains available for repurchase under the current authorized program. The repurchased shares are held as authorized but unissued shares of common stock. The Company also from time to time repurchases shares in settlement of employee tax withholding obligations due upon the vesting of restricted stock or restricted stock units, or the exercise of stock options. Any future common stock repurchases will be dependent upon several factors including the amount of cash available to the Company in the United States, our financial performance, outlook and liquidity.

Subsequent Event	9 Months Ended
Subsequent Event	Aug. 01, 2009
Subsequent Event [Abstract]
Subsequent Event	Note 18 — Subsequent Event In accordance with SFAS 165, we have evaluated subsequent events through the issuance of these financial statements which occurred on August 18, 2009. On August 17, 2009, the Company’s Board of Directors declared a cash dividend of $0.20 per outstanding share of common stock. The dividend will be paid on September 16, 2009 to all shareholders of record at the close of business on August 27, 2009.

Condensed Consolidated Balance Sheets (Parenthetical) - USD ($)	Aug. 01, 2009	Nov. 01, 2008
Statement [Line Items]
Preferred stock, par value	$ 1	$ 1
Preferred stock, shares authorized	471,934	471,934
Preferred stock, shares outstanding	0	0
Common stock, par value	$ 0.166	$ 0.166
Common stock, shares authorized	1,200,000,000	1,200,000,000
Common stock, shares issued	291,549,108	291,193,451
Common stock, shares outstanding	291,549,108	291,193,451