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Technology Stocks : Celeritek(CLTK)- earnings up 1300% -- Ignore unavailable to you. Want to Upgrade?

To: slob who wrote (147)	1/30/1998 7:05:00 PM
From: Richard H.	Read Replies (1) \| Respond to of 212

What do you make of this..... RESEARCH ALERT - Goldman cuts Anadigics NEW YORK, Jan 30 (Reuters) - Goldman Sachs said on Friday it lowered its rating on shares of Anadigics Inc to a market perform after having the stock on its recommended list. -- Company announced on Thursday that despite a fourth quarter that was only slightly below estimates, there are several major issues heading into the first half of 1998 which will have quite negative revenue and margin impact, analyst Joe Moore said in a research note. -- Lowers 1998 estimate to a range of $0.20-$0.40 per share from $1.25 per share. -- Issues include unexpected competition for the business of one of Anadigic's key customers and a substantial inventory correction of power amplifier components with another large customer, he said. -- Also faces slower than expected ramp-up of dual-band phones, he said. -- ''As a result of this flurry of negative catalysts, wireless revenue will drop by about 50 percent sequentially and factory loading will drop very substantially as the company works down internal inventories to reflect the lower sales base, resulting in substantially lower gross margins over the next couple of quarters,'' he said. P.S. Who is the "unexpected competition". Certainly ANAD would have expected competition from Triquint. How about this comment from Celeritek's Jan 13th Press Release: "We have won six new design ins with various manufacturers for handsets and wireless local loop applications and believe these products to be technically superior to any other solution currently in the marketplace". Also, "sales from the commercial market increased 68% versus the third quarter last year". What's your opinion?

To: slob who wrote (147)	2/23/1998 8:43:00 PM
From: Richard H.	Respond to of 212

In the news... Micronics International Signs Exclusive Sales Agreement With Celeritek VENTURA, Calif.--(BUSINESS WIRE)--Feb. 23, 1998--Micronics International (OTC/BB:MCIK - news) announced the signing of an exclusive sales-representative agreement with Celeritek Inc. (Nasdaq/NM:CLTK - news) of Santa Clara, Calif., to represent its entire product line throughout the People's Republic of China. Celeritek is a global leader in providing gallium-arsenide circuits for cellular telephones and wireless communications. Celeritek operates from a 25,000-square-foot production facility in the Silicon Valley. Celeritek revenues for last year reached nearly $50 million, and are estimated to grow by 30 percent this year. China is quickly becoming the production capital of the cell- phone world. Celeritek to this point has had little exposure to the Chinese marketplace. Micronics International plans to expose Celeritek's products to more than 100 manufacturers of cell phones in China.