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ANADIGICS Inc. (NasdaqGM: ANAD) is positioned to capture the internet-going-mobile theme with highly regarded cell chips, and also make chips for video-over-internet infrastructure. From breakeven in 2006, Cahill sees EPS of $0.50 in 2007 and up to $1 in 2008: "they are on the verge of massive earnings acceleration." Chilton owns 11.5% of the company
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Anadigics reported fourth-quarter 2006 net sales of $49.1 million, an increase of 48% over the $33.3 million reported in the year-ago period. The net loss was $100,000, or $0 per share, compared to $3.9 million, or 11 cents per share in the same quarter last year.
For 2006, net sales came in at $169.9 million, an increase of 57% over the $108.3 million reported for 2005. Full-year net loss was $8.9 million, or 20 cents per share, compared to $31.2 million, or 92 cents per share in the year-ago period.
Anadigics pointed out that this was the seventh-consecutive quarter of net sales growth. "We believe that the company is positioned to capitalize on the rapidly-growing voice, data and video segments of the wireless and broadband communications markets, where we offer 3G/3.5G products that use the W-CDMA, the HSDPA, HSUPA and EDGE standards, 4G products for WiMAX and WiBRO systems, WiFi products that use the 802.11 a/b/g and 802.11 n (draft-n, MIMO) standards, CATV set-top box and infrastructure and FTTP products," said CEO Dr. Bami Bastani.
As of Dec. 31, 2006, the company's cash and short- and long-term marketable securities totaled $83.5 million.
Anadigics does not expect sales for the first quarter of 2007 to be affected by "the typical industry seasonality" and estimates increases of approximately 3% sequentially. Net sales within this range would represent a 38% to 42% increase over first-quarter 2006. Net loss per share for the first quarter is expected to be about 1 cent.
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ANADIGICS Expands WiMAX Amplifier Portfolio to Include Solutions for Mobile Applications Wednesday February 14, 4:00 am ET High efficiency power amplifiers for 802.16e-2005 radios reinforce ANADIGICS' position as a leader in WiMAX.
BARCELONA, Spain, Feb. 14 /PRNewswire-FirstCall/ -- ANADIGICS, Inc. (Nasdaq: ANAD - News), a leading supplier of wireless and broadband solutions, announced at 3GSM World Congress that it has expanded its portfolio of industry-leading WiMAX power amplifiers (PAs) with the introduction of the AWM6423. The AWM6423 PA for mobile WiMAX supports the 802.16e-2005 standard, offering unparalleled power efficiency and high linearity in a highly integrated module package. The company already supplies prominent WiMAX equipment manufacturers with PAs such as the AWM6430, AWM6431 and AWM6432 for fixed-point 802.16d-2004 applications. ADVERTISEMENT
With recent investments from such market drivers as Sprint, Intel, Clearwire and Motorola, mobile WiMAX service is expected to roll out in the U.S. throughout 2007. Mobile WiMAX is a technology that offers true broadband wireless connectivity over metropolitan area network (MAN) ranges to support ubiquitous coverage. WiMAX enables data transmission rates which are significantly higher than those offered by today's wireless data services, and with quality-of-service (QoS) features can support multimedia applications, such as high definition video and voice over internet protocol (VoIP). In offering the AWM6423, which operates in the 2.5-2.7 GHz frequency band allocated for broadband mobile wireless services in the U.S., ANADIGICS expands its portfolio of leadership products for WiMAX systems. Additional products are already in development for other broadband mobile wireless systems which use various frequency bands around the world.
"ANADIGICS continues to innovate and offer industry-leading products by leveraging our power amplifier design expertise, advanced technology, and strong industry relationships," said Ron Michels, Senior Vice President and General Manager of Broadband Products at ANADIGICS. "Our WiMAX power amplifiers provide high linearity and advanced functional integration to support high performance solutions for the world's emerging broadband wireless systems, and superior efficiency to increase battery life for a more satisfying mobile experience."
ANADIGICS' highly integrated 4.5 mm by 4.5 mm AWM6423 WiMAX PA module provides an integrated step attenuator and output power detector, minimizing external component count, PCB space requirements, and development costs for new designs. The PA operates with an exceptional power efficiency of 20% using a +3.3 Volt supply, supporting an error vector magnitude (EVM) of 4% at +23.5 dBm output power for 16-QAM signals. Excellent linearity and an EVM of 2.5% can be achieved to support 64-QAM signals by either reducing output power or increasing supply voltage. The PA module offers fully matched RF ports and can operate from a +2.9 to +4.2 Volt power supply.
ANADIGICS' WiMAX PAs are based on ANADIGICS' patented InGaP-Plus(TM) process technology which supports enhanced feature integration and provides superior performance and reliability. ANADIGICS' WiMAX PAs are fully compatible with the IEEE 802.16 and ETSI EN301-021 standards, and are manufactured using a materials set consistent with the European Union's Restriction of Hazardous Substances (RoHS) directive.
For additional information, contact ANADIGICS by phone (908) 668-5000 or FAX (908) 668-5132 or visit the Company's Web site at http://www.anadigics.com.
ANADIGICS, Inc. (Nasdaq: ANAD - News) designs and manufactures radio frequency integrated circuit (RFIC) solutions for growing broadband and wireless communications markets. The Company's innovative high frequency RFICs enable manufacturers of communications equipment to enhance overall system performance, and reduce manufacturing cost and time to market. By utilizing state-of-the-art manufacturing processes for its RFICs, ANADIGICS achieves the high-volume and cost-effective products required by leading companies in its targeted high-growth communications markets. ANADIGICS was the first GaAs IC manufacturer to receive ISO 9001 certification and is certified to the ISO 9001:2000 and ISO 14001:1996 quality standards.
Except for historical information contained herein, this press release contains forward-looking statements that involve risks and uncertainties, including, but not limited to, order rescheduling or cancellation, changes in customers' forecasts of product demand, timely product and process development and protection of the associated intellectual property rights, individual product pricing pressure, variation in production yield, changes in estimated product lives, difficulties in obtaining components and assembly and test services needed for production of integrated circuits, change in economic conditions of the various markets the Company serves, as well as the other risks detailed from time to time in the Company's reports filed with the Securities and Exchange Commission, including the report on Form 10-K for the year ended December 31, 2005. Actual results could differ materially from the Company's forward-looking statements. These forward-looking statements can generally be identified as such because the context of the statement will include words such as "believe", "anticipate", "expect", or words of similar import. Similarly, statements that describe the Company's future plans, objectives, estimates, or goals are forward-looking statements. Important factors that could cause actual results and developments to be materially different from those expressed or implied by such statements include those factors discussed herein.
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Anadigics Raises $99M in Stock Offering Wednesday March 14, 5:59 pm ET Anadigics Raises $99 Million From Public Stock Offering
WARREN, N.J. (AP) -- Anadigics Inc., which makes semiconductors and other parts for wireless networks, said Wednesday that it has received $98.8 million in proceeds from a public offering of 8.63 million shares of the company's stock. The offering included roughly 1.13 million shares sold after underwriters exercised their overallotment option.
The company said it will use the net proceeds for capital expenditures and other general corporate purposes. Credit Suisse acted as the lead manager of the offering.
Shares of Anadigics dropped 7 cents to close at $13.02 on the Nasdaq Stock Market.
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Anadigics Swings To 2Q Profit On 37% Rise In Sales >ANAD Tuesday 07/24/2007 4:06 PM ET - Dow Jones News DOW JONES NEWSWIRES Anadigics Inc. (ANAD) swung to a second-quarter profit of $1.88 million, or 3 cents a share, from a year-earlier loss of $2.79 million, or 6 cents a share. The Warren, N.J., supplier of wireless-communication services said sales rose 37% to $53.9 million from $39.3 million a year ago. Excluding items, earnings were $5.7 million, or 10 cents a share. Anadigics had expected second-quarter earnings of 1 cents to 2 cents a share, and earnings excluding items of 9 cents to 10 cents a share. On average, analysts polled by Thomson Financial expected earnings of 9 cents a share and revenue of $52.6 million. Looking ahead, Anadigics expects third-quarter earnings of 6 cents a share, and excluding items, earnings of 12 cents a share. Anadigics shares closed the regular trading session at $13.19, down 44 cents, or 3.2%. -Josee Rose; 201-938-5400; AskNewswires*dowjones.com > Dow Jones Newswires 07-24-07 1606ET Copyright (c) 2007 Dow Jones & Company, Inc.
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Little consolidation period with a nice kick in the pants today to rev things up for the push past $20.
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