Anadigics(ANAD) - Is anyone following this Company? Message Board

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Technology Stocks : Anadigics(ANAD) - Is anyone following this Company?

ANAD 0.849

0.0%

Mar 16 5:00 PM EST

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To: Colin Christie who wrote (263)	12/3/1997 8:54:00 PM
From: Steve Becker	Read Replies (1) of 1079

I got in 18 hours too early at $31 Monday afternoon. ANAD got a brief mention: "The wireless-telecommunications group was hit after Merrill Lynch downgraded Ericsson (ERICY) and Nokia (NOK/A) to "neutral" from "strong buy," citing concerns over slowing revenue growth. Late Tuesday, BA Robertson Stephens cut its long-term rating on Ericsson to "attractive" from "buy" due to lower-than-expected growth projections for the company's handsets. Despite all that, Ericsson gained 1 1/8 to 39 3/4, while Nokia fell 2 1/16 to 75 3/8 on the heels of a 5-point plunge Tuesday. Fellow wireless-telecom players likewise tumbled: Lucent Technologies (LU) fell 3 13/16 to 78 5/8, Northern Telecom (NT) lost 1 21/32 to 93 1/2, and QualComm (QCOM) tumbled 2 7/16 to 65 9/16 despite a reiteration of a "buy" rating by Bear, Stearns. Microwave communications equipment provider ANADIGICS (ANAD) fell 2 3/4 to 28 3/8, and Level One Communications (LEVL) dipped 4 9/16 to 37 13/16." Data Source: PCQ investor.msn.com Steve

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