Ericsson overlook? Message Board

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Technology Stocks : Ericsson overlook?

ERIC 9.725

-0.2%

Nov 7 9:30 AM EST

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To: elmatador who wrote (4295)	9/15/2000 12:47:16 PM
From: Jim Oravetz	Read Replies (2) of 5390

Anadigics tumbled $6.06, or 20%, to $23.81. The Warren, N.J., company, which makes circuits for wireless phones and satellite-TV systems, said it expects record third-quarter earnings and revenue, but warned that fourth-quarter earnings will be substantially lower than the preceding quarter because the company's No. 1 wireless customer has trimmed its orders. The integrated circuit maker said it expects fourth-quarter revenue to fall 30% to 35% below its third-quarter revenue target of $51 million. As of April, ERICY was 51% of that part of their handset biz, so I have to assume they are talking about them. Message 14389493 Some follow on posts seem to indicate that ERICY order slowdown was still being blamed on the supplier fire back in April. FWIW Jim

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