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

To: Will Cunningham who wrote (297)	1/29/1998 8:29:00 PM
From: Ted The Technician	Read Replies (2) \| Respond to of 1079

Any comments? Who are the customers? which company is eating ANAD's lunch? What's happening in the market? "As we enter 1998, however, we are experiencing a substantial reduction in orders and forecasts for orders from our wireless customers, which will result in significantly lower sales in the first quarter and could result in a net loss for the period. This recent information shows a significant reduction in phone build rates on certain products from our customers and suggests that they now have excess inventories of our products. We believe the lower demand is attributable to several factors including, increased competition, a shift in demand to lower costs phones not using ANADIGICS' products, customer delays in the ramp-up of new generation dual-band phones using our new products and, in part, to effects of the Asian financial crisis on the wireless market."