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Technology Stocks : John, Mike & Tom's Wild World of Stocks

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To: wlheatmoon who wrote (1853)9/15/2000 9:28:34 AM
From: wlheatmoon  Read Replies (1) of 2850
 
sounds like BS to me. a fire?

Anadigics (ANAD) 29 7/8: -- Update -- Says its largest wireless customer has recently formally notified its suppliers that difficulties with component supply due to a fire at a supplier's factory earlier this year has caused it to reduce production. According to latest 10K filing, Ericsson (ERICY) accounted for 53% of revenues. Other stocks that could be impacted by this news are CY, TXN, TQNT, RFMD, AHAA, MOT.... ANAD has fallen to $22 in pre-market.
08:26 ET Anadigics (ANAD) 29 7/8: Warns of a sequential revenue shortfall of 30%-35% from Q3 revenue target, which company expects to result in a substantial reduction in Q4 earnings.
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