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Anadigics, Inc. Message Board

  • lemonyelow1 lemonyelow1 Mar 8, 2007 7:32 AM Flag

    about Clearwire's IPO

    This from today's (Thurs.) Marketwatch -

    "Clearwire Corp. bulked up its initial public offering and priced at the top of its range for its stock market debut Thursday as Wall Street took the call from the wireless broadband firm founded by billionaire Craig McCaw.

    "Clearwire Corp. bulked up its initial public offering and priced at the top of its range for its stock market debut Thursday as Wall Street took the call from the wireless broadband firm founded by billionaire Craig McCaw.

    "In a sign of keen interest, the Kirkland, Wash. firm, backed by Intel and Motorola, priced at the top of its $23-$25 range and added 4 million shares to its IPO.

    "Underwriters on the deal include Merrill Lynch, Morgan Stanley, JP Morgan, Wachovia, Bear Stearns, Citigroup Global Markets, Jefferies, Raymond James, ThinkEquity Partners and Stifel Nicolaus.

    "Although the company has yet to turn a profit, Wall Street appears to be eager for a stake in Clearwire's position as an owner of coveted airwaves spectrum and its role in strong growth expected in the emerging Wi-Max market."

    ... HOPE THIS has put an ear-to-ear smile on your faces! (as it did mine) ... Kudos (not that he hasn't taken rather more curtain calls than I think he's due) to B.F. in connection with the S(econdary)P.O. that are boy, ANAD pulled off.

    I was going to research it but I got sidetracked. What's the story here? How *DO* those new shares go off at a premium?

    I mean Credit Suisse, at a minimum has got to have a kind of support role here that could get a little hairy if the jitters return -- as they very well might. (All we need is for Mr. Greenspan to earn another $100K speaking at some event and growling a little louder.) I mean, folks who paid (or are paying) $12.98 to C.S. for their shares are not gonna be happy campers if ANAD gets down to, say, $11.60, but I wonder if C.S. brass would authorize their OTC desk positioning $5-10 MM in ANAD stock to deal with that possibility.

    Question - the stuff about Clearwire makes it sound like one of those classic VHS vs Beta wars with Sprint duking it out with Intel/Motorola. What I've read around here suggests that ANAD's a key Sprint ally. Is, therefore, good news for Clearwire bad news for ANAD?

    BTW, I'm concurring with B.F. that when the spotlight hits Clearwire -- as it most certainly will at least today -- other members of "the cast" (ANAD, in particular) will catch some of the rays, too, to its advantage!

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    • what?! just 'cause I ended with truly DUMB! stuff, nobody deigns to comment or bash.

      My education continues.... yours can, too (interesting reading, this, and not lengthy or too tech-y):

      h**p://compoundsemiconductor.net/articles/news/11/3/2/1

      • 1 Reply to lemonyelow1
      • Nice reading, shows how much is in the werks. CHINA , TIAWAN hey they can possibly catch up to demand. I worked for Motorola from 1989 - 93 and the demand was so great for the new flip fones we were hiring on avg 100 people a week in 1992, builted 2 new factories in libertyville and harvard. We changed from 54hr work week 2 shifts to 3/4 werk shift 24hrs !! and still could not meet demand. Our vendors were barely keeping up supplied hell somtimes we had to shut down the lines cause we would run out of certain chips and resistors etc.... so i can see the challenges anad will go thru.... they will explode earnings, i hope they can keep up with demand , but BOY THATS A REAL NICE PROBLEM TO HAVE!!!!

 
ANAD
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