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SAN FRANCISCO (Reuters) - Analog Devices Inc., (NYSE:ADI - news), which makes microchips for mobile phones, on Tuesday said quarterly profit fell 48 percent on charges for repatriating taxes and closing a plant Net income for the fiscal fourth quarter ended October 29 declined to $68.3 million, or 18 cents per share, from $132.3 million, or 34 cents per share, a year earlier, Analog Devices said in a statement. Shares of Analog Devices fell 1.2 percent in extended trade after the company said fiscal first-quarter revenue would be about the same as the fourth quarter''s $622.1 million, which would miss analysts'' first-quarter consensus forecast of $626.6 million. Fourth-quarter revenue was up from $632.1 million a year earlier and topped analysts'' forecasts. The company announced a 12 cent-per-share dividend for the fourth quarter, up from 10 cents in the third quarter. Analog Devices, based in Norwood, Massachusetts, said last month it expected to report $49 million of fourth-quarter tax charges to repatriate $1.06 billion of overseas earnings. It also had $31.5 million of restructuring charges including costs for closing its California chip wafer-making operations and transferring production to Massachusetts and Ireland. Fourth-quarter profit excluding one-time charges was 36 cents per share, beating analysts'' average forecast of 34 cents per share. Analog Devices in August had forecast fourth-quarter earnings per share of 32 cents to 34 cents, excluding items. The company forecast first-quarter earnings per share of 31 cents, including charges of 5 cents related to costs for restructuring and expensing stock options. Analysts are forecasting 36 cents per share before exceptional items. Analog Devices on Tuesday also said it expects to pay a $3 million penalty to settle an investigation by the U.S. Securities and Exchange Commission staff related to stock option grants. Chief Executive Jerald Fishman would pay a $1 million civil penalty under the proposed settlement, the company said. Analog Devices said the tentative settlement would conclude that the company should have disclosed it priced two options grants in 1999 and 2000 before reporting favorable financial results. The settlement also would conclude the company should have granted options on different dates on three occasions in 1998, 1999 and 2001. The company said it plans to settle the matter without admitting or denying the SEC''s findings and did not say when the settlement would be paid. (() | 
