Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Politics : Formerly About Applied Materials -- Ignore unavailable to you. Want to Upgrade?

To: StanX Long who wrote (63559)	5/9/2002 2:12:12 AM
From: StanX Long	Read Replies (1) \| Respond to of 70976

Anadigics Raises Q2 Forecast Online staff -- Electronic News, 5/8/2002 e-insite.net Anadigics Inc. has increased its outlook for the second quarter, saying it now expects revenue to be $23 million, with a loss per share of 29 cents. The Warren, N.J.-bashed chipmaker specializes in radio frequency ICs for broadband and wireless communications. The company said demand for its CDMA wireless products would push wireless revenue to $13 million for the quarter. That’s a $4 million, or 44 percent increase from the first quarter, the company said, and a $2 million, or 18 percent improvement over the previously forecast $11 million. Broadband revenue is expected to come in at $10 million. Improved demand from new and existing wireless CDMA customers prompted the company to up its outlook. Anadigics previously forecast total revenue to be $21 million with a loss per share of 31 cents. Following the announcement shares in Anadigics shot up nearly 20 percent and were trading at $10.26, up from a closing price of $8.58 on Tuesday.