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Technology Stocks : Anadigics(ANAD) - Is anyone following this Company?
ANAD 0.8490.0%Mar 16 5:00 PM EST
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To: Will Cunningham who wrote (297)1/29/1998 8:29:00 PM
From: Ted The Technician  Read Replies (2) of 1079
 
Any comments? Who are the customers? which company is eating
ANAD's lunch? What's happening in the market?

"As we enter 1998, however, we are
experiencing a substantial reduction in orders and forecasts for orders from our
wireless customers, which will result in significantly lower sales in the first quarter
and could result in a net loss for the period. This recent information shows a
significant reduction in phone build rates on certain products from our customers
and suggests that they now have excess inventories of our products. We believe
the lower demand is attributable to several factors including, increased
competition, a shift in demand to lower costs phones not using ANADIGICS'
products, customer delays in the ramp-up of new generation dual-band phones
using our new products and, in part, to effects of the Asian financial crisis on the
wireless market."
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