ANADIGICS whose Advanced Power Amplifiers Support QUALCOMM's HSPA Solutions will host its earnings conference Call (Q4 2006)
Scheduled to start Mon, Feb 12, 2007, 5:00 pm Eastern
ANADIGICS' Power Amplifiers Selected for MSM7200 HSUPA and MSM6280 HSDPA Reference Designs from QUALCOMM This Interview and posted article on Yahoo yesterday offers insight for hopefully a great outlook for QCOM and should be an interesting report and conference call. Ahead of the Bell: Anadigics
Monday February 5, 9:25 am ET
Barron's Interview With Investment Fund Manager Spurs Anadigics' Stock
NEW YORK (AP) -- Shares of Anadigics Inc. surged after an investment fund manager, in an interview with Barron's magazine, said profit at the chip maker is poised to explode.
Michael Cahill, managing director of New York-based Chilton Investment Co., said in the interview Anadigics is his favorite play on the migration of mobile devices like cell phones to the Internet.
Cahill, who owns about 11.5 percent of Anadigics' stock, said technology is "just on the cusp of a massive explosion in mobile Internet and computing, and adoption is taking off." Warren, N.J.-based Anadigics, with a projected $168 million in sales last year, makes chips, amplifiers and circuits for cell phone makers like Cisco, Samsung and LG.
Anadigics is "on the verge of a massive earnings acceleration," Cahill said. "This company is growing very rapidly and it is not expensive."
The company's stock trades at nine times Cahill's estimate for 2008 earnings. Cahill said the stock could trade for as much as 20 times 2008 earnings.
Shares of Anadigics rose 88 cents, or 9.7 percent, to $9.95 in premarket trading Monday. The stock closed at $9.07 on the Nasdaq Friday.
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