HAD a very good call and alot was explained to me. She told me there was no other managment team leaving to her knoweledge. There are no buy offers out there that she is aware of. production is alot better from a few quarters ago and the reasn why our guidance went lower was because ANAD product was not put into new phones. We did not lose customers but the customer could not wait back then to get product so we lost some business to lower quailty product. To date we still have not lost any customer from those issues.
She had me on the phone for a good 20 min and didn't dodge any of my questions.
About BAMI leaving she was on the phne with shareholders and analyst who look at BAMI leaving as a good thing.
I suggest not to listen to some here because agendas are not what we are looking for rather call IR and ask your questions I called yesterday and she called me back. I never left a message without her returning my phone calls. IM very happy where ANAD is heading.
I agree. I think a lot of people on this message board and perhaps the Street in general are talking like Anadigics is going out of business. As a long time stock holder and follower of the company I see it as one bad quarter. They surely didn't take it lightly as they sent Bami out b/c of it. Growth stories like Anadigics take time and you can't panic just because the stock drops. Just look at the past year. Up 400% then down 70% then up 230% and now down 75%. All it takes is some good news and some decent guidance in October and it'll take off again.
As she put it we are in the penalty box. I feel now that BAMI was ejected from the game the playing feild got a whole lot better. I would love to see a buy program get this stock up before some company see how cheap we really are and start buying a position in us!
I also asked about if there was more bad news in the horizon. I told her my fear that new managment will throw everything at the old CEO to blame and move foward she replied there was nothing to out there that might be released and none of the other BOD or management is going. Company is moving foward and R&D always has things they are working on and looking to move into.
Again I like what I heard and feel this is bottom