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Technology Stocks : Anadigics(ANAD) - Is anyone following this Company? -- Ignore unavailable to you. Want to Upgrade?

To: Susan Saline who wrote (973)	10/1/2000 10:18:55 AM
From: Kelvin Taylor	Read Replies (2) \| Respond to of 1079

ANAD bucked the trend on Friday since the SOXX was down The surge in short interest after the drop in price could very well be a set up for a short squeeze. nasdaq.com`&selected=ANAD` And lets remember ANAD warning of a revenue shortfall in the 4th qrt. not the 3rd qrt: "Anadigics said fourth-quarter revenue will decline between 30% and 35% from its third quarter revenue target of about $51 million. The company said the revenue shortfall will result in a "substantial reduction in fourth-quarter earnings." "The company did say it expects record sales and profit in the third quarter and the company offered a bullish outlook for next year, with growth expected to exceed 50%." "We expect the inventory corrections to be completed by the end of the year and anticipate a return to double-digit sequential revenue and earnings growth in the first quarter 2001," Bami Bastani, Anadigics' president and chief executive, said in a statement." Earnings forecast into 2001: earnings.nasdaq-amex.com PE ratio forecast YR 2000: 34 and YR 2001: 25 EPS est for this qrt = $0.23 vs $0.10 last year, 130% increase. for the 4th qrt only $0.02 vs $0.15 last year, a substantial drop. IF ANAD troubles are just for one qrt, as stated, then these current prices are a steal, IMO.