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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: Steve168 who wrote (387)3/9/1998 12:02:00 PM
From: geoffrey Wren  Read Replies (1) of 1079
 
I am trying to figure out how much the market is punishing ANAD for company specific problems, and how much for the supposed weakness in GaAs going forward. I was thinking it had a lot to do with the latter, but then I notice this company (Vitesse) trading at a 15 price to sales ratio also dependent on GaAs. What am i missing?

Vitesse Semiconductor designs, develops, markets and manufactures digital gallium arsenide integrated circuits for telecommunications, data communications and automated test equipment systems providers. For the three months ended 12/97, revenues rose 59% to $34.7 million. Net income rose 73% to $10.4 million. Revenues benefitted from continuing growth in the Communications and ATE markets. Net income reflects lower costs from increased production and higher cash balance.

Statistics at a Glance -- VTSS Last Updated: Mar 6, 1998

Price and Volume
(updated Mar 6, 1998)
52-Week Low
$21.125
Recent Price
$46.563
52-Week High
$56.50
Beta
2.00
Per-Share Data
Book Value
(mrq)
$7.66
Earnings (ttm)
$0.98
Sales (ttm)
$3.08
Cash (mrq)
$4.20
Valuation Ratios
Price/Book
(mrq)
6.08
Price/Earnings
(ttm)
47.61
Price/Sales (ttm)
15.10
Income Statements
Net Income
(ttm)
$37.3M
Sales (ttm)
$117.7M
Profitability
Profit Margin
(ttm)
32%
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