" shipping production volumes of its ACA2429 gallium nitride (GaN) power doubler surface mount IC in support of new DOCSIS 3.1 CATV infrastructure equipment."
"Anadigics, a maker of wireless and wireline components, reported that it would eliminate about 100 jobs by the end of the week. This cut will be about 15 percent of the company's workforce of about 660 employees. The company expects the cost reductions including the lay-offs will amount to savings of $15 to $20 million per year, after one-time costs for severance and benefits of about $2.2 to $2.4 million. Gilles Delfassy, chairman and interim CEO of Anadigics, said, “This was a difficult decision because of the impact it has on people, but was a necessary step in our plan to return the company to growth and profitability as soon as possible. We are continuing critical investments in new products and other strategic initiatives that focus on making our customers successful.”"
November 6, 2008. The stock closed at $1.75 on that day. Subsequently, on 18 Jan 11, it traded at 8.13.
Rinse and repeat indeed.
c.ddule at least reveals a loose connection to the industry (only a coder would adopt such a moniker), so I hope to glean an occasional nugget of information from him. flaglerbch14, on the other hand, doesn't act like a shortie. He's provided nothing of value to the discussion and is simply a long-term, repetitive irritant. Of the two, I suspect he's probably the more likely to be a discharged former employee with an axe to grind. You can safely put him on ignore.
BlackRock has had a stake in ANAD for ages. Their latest report shows about a 1% decrease in their position from the previous report...essentially noise.
"I've probably lost more money investing in Anadigics than most people on this board "
I'm probably pretty close to you. One good thing, if we sell later this year, we can offset a ton of capital gains.
250K and holding.
One thing you can be certain of is more griping, negative former employees on this Board. And do not look for Anadigics to win any awards as one of the industry's best places to work anytime soon. I'm way ahead of myself, but that negative factor in attracting talent is not going to help a turn-around if and when it comes. Salaries/perks will have to be more generous than the industry standard.
Actually, we might be surprised. The stock has taken such a haircut in the past 3 months we might have already done a pretty good job in weeding out the weak hands. About all that's left are the true speculators, not to mention a ton of shorts who will take this opportunity to cover.
Yeah, I think it's a good move. It may prove painful short-term to the stock price, but what else is new. For you speculators, I doubt you'll get ANAD any cheaper than tomorrow.
Place your cursor anywhere in the subject message. A little shield icon will appear with "Flag" and arrow next to it. Click on the arrow to view a drop-down menu. Select "ignore user." Simple solution for someone who routinely has nothing of substance to add to the board.
Geez, no, nor would I expect one. That would be tantamount to him sharing his strategy and/or communications with the board with me and might be considered actionable insider information.
I wonder what sort of compensation a member of the Executive Advisory Board receives? I've not seen anything filed on the SEC website.
That 8.6 million short interest was from the 30th of May, before the huge spike in both stock price and volume on 4-6 June. I recall just one of those days was 3.1 million shares. I'll be curious to see how many shorts covered in the next report.
Sent this to Paul this morning:
I know the executives at Anadigics are already showered with shares, but they'd do the rest of us a real service by exhibiting a little confidence in the company's future through purchasing some token shares on the open market.
I hope that convincing them of this move will be one of your top priorities as a member of the Executive Advisory Board."
BTW, reaction to Paul's appointment to ANAD's Executive Advisory Board is generating some interesting responses on LinkedIn. I note particularly the CEO of another firm who says he's recently doubled his position in the stock.
Essentially three pieces of news last week: 1) the huge increase in shorts, 2) stock doctor's article in SA which was essentially a restatement of what he had written earlier, and 3) at week's end, LinkedIn's announcement of Paul's association with ANAD's Executive Advisory Board.
In the past, Paul's endorsement and purchases of ANAD stock dramatically if temporarily drove up the stock price via the bandwagon effect. Those of us who followed him on Next Inning knew that.
I wonder if Paul's association with ANAD's Executive Advisory Board might have become known by the deep pockets well before the rest of us learned of it? If so, perhaps 1) plus 2) primed the pump, but 3) sparked the dramatic volume and stock price rise we witnessed mid-week.
My only question is, why did we learn of his association through LinkedIn and not through an ANAD press release? Certainly the company must know that his endorsement flushes out lots of buyers.
I have no idea what follow-through we'll see in the stock price next week, but Paul's association with the firm can only be thought of as a re-endorsement. Is ANAD still speculative? You bet. But in my opinion, the reward:risk ratio just went up a notch.