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

To: Condo who wrote (1000)	10/24/2000 11:03:45 AM
From: The Ox	Read Replies (1) \| Respond to of 1079

Hi ej + Tom. ANAD's back to where it was after the Sept warning. I'm encouraged by the latest earnings but I suspect that there will be another downdraft in the stock (hope I'm wrong) due to market conditions, not something company specific. If one looks at the companies in ANAD's market, ANAD is starting to look like the 'value' play. Let's look at the recent earnings reports for the quarter and compare them to last year. Quarterly SYM/ly-eps/current-eps ANAD/10/23 TQNT/9/24 AHAA/10/24 (also: RFMD/7/10) ANAD reported only 1 cent less than AHAA and TQNT for the quarter! The stock is trading over $14 less than both of the above companies. Now lets look at next year's EPS estimates. Yearly (c yr/next yr) ANAD/83/110/32.5% TQNT/70/93/32.8% AHAA/90/125/38.8% Anadigics is expected to generate more earnings than TQNT, grow eps at the roughly the SAME rate and is trading at less than 2/3s of the stock price. If ANAD was given a similar valuation to TQNT, the stock would be selling for about $40/share! Keep in mind that I think all the companies mentioned in this post are terrific. They've done a remarkable job and have outperformed many companies in the market over the past few years. ANAD has been performing better than their stock price shows. I think 2001 should be a big year for them, if-and it may be a big if-they can keep guidance low and outperform. They must be careful, since this company has had a habit of 'stumbling' in the eyes of the market. JMO Michael