The growth in revenues came from higher-than-expected shipments in each of the main product categories of wideband CDMA, wireless LAN, WiMAX, and cable products.

Wireless revenues came in at $24.9 million, down 5.7% sequentially. Broadband revenues came in at $16.9 million, up 64.4% sequentially and were better than management’s expectations. Within broadband, wireless LAN revenue was $5.7 million, up 90% sequentially. Cable Television (CATV) revenue was $9.9 million, an increase of 46% sequentially and WiMAX revenue came in at $1.3 million.

The top customers for the company included Research in Motion Limited (RIMM), Intel Corporation (INTC), LG, Richardson Electronics Ltd (RELL), Motorola Inc. (MOT), Cisco Systems Inc (CSCO), and Samsung Electronics Co., Ltd.

LG and RIMM each generated more than 10% of total revenues in 2009. ANADIGICS was also able to win back lost market share at Samsung which it had lost in 2008. Samsung was a 10% customer in the second and third quarter of 2009 and continues to be strong in the first quarter of 2010 as well.

Gross margin came in at 29.1%, up 470 basis points sequentially. The increase in gross profit was driven by better-than-expected product yields, lower direct material costs, and better overall product margins from increased revenue. The increase was partially offset by the negative impact of a planned two-week fab shutdown at the end of the quarter.

Net loss came in at $3.2 million or 5 cents per share, much lower than the Zacks Consensus of 14 cents and management’s guidance of a loss of 8 to 10 cents. The lower loss was due to higher revenues and gross margin which positively impacted the bottom-line.

During the quarter, ANADIGICS generated $4.6 million of cash from operations and used $0.8 million in capital expenditures. As of December 31, 2009, cash and equivalents totaled $83.1 million.

Revenue for the year ended 2009 was $140.5 million, down 45.6% from 2008. Net loss per share came in at 54 cents.

Going forward, management stated that the company continues to see strong bookings in the quarter in the wireless product line. Hence, wireless revenue is expected to grow by approximately 20% sequentially. This growth is expected to offset a previously-expected decline in wireless LAN revenue.

Management expects net sales of $41.8 million in the first quarter of 2010. Gross margin is projected around 29% – 30%. Net loss per share is forecasted around 5 – 6 cents.

Headquartered in Warren, New Jersey, ANADIGICS designs and manufactures semiconductor solutions for the broadband wireless and wireline communications markets.

Chicago, IL – January 18, 2010 – Zacks.com announces the list of stocks featured in the Analyst Blog. Every day the Zacks Equity Research analysts discuss the latest news and events impacting stocks and the financial markets. Stocks recently featured in the blog include: TriQuint Semiconductor, Inc. (TQNT), Skyworks Solutions (SWKS), ANADIGICS Inc. (ANAD), RF Micro Devices (RFMD) and Canadian Solar Inc. (CSIQ).

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Here are highlights from Friday’s Analyst Blog:

TriQuint Upgrades Guidance

TriQuint Semiconductor, Inc. (TQNT) reported preliminary results for the fourth quarter of 2009.

The company now expects revenues of around $190 million, up from the previous guidance of $175 million to $185 million. The increase in guidance has been primarily due to increased demand during the holiday season.

In October, management had warned that a Korean handset manufacturer was making a material adjustment in its demand to bring down excess inventory, which in turn would impair demand in the fourth quarter.

Earnings per share (EPS) is now projected in the range of 12 cents to 13 cents, up from the earlier forecast of 10 cents to 12 cents.

For the first quarter of 2010, management estimates revenues to decline by 10% – 15% due to seasonal fluctuations in demand. However, revenue growth is expected to be strong in 2010.

With the economy showing signs of recovery, we expect capital spending to pick up in 2010. TriQuint foresees sustained demand for handset and defense products along with an eventual recovery in the networks market. The company is all set to benefit from China’s investment in 3G infrastructure, which more than offsets lower infrastructure spending in other regions. Management continues to see solid adoption of its 3G products in multi-band smart phones.

TriQuint is pitted against players such as Skyworks Solutions (SWKS), ANADIGICS Inc. (ANAD) and RF Micro Devices (RFMD). It remains to be seen how TriQuint fares and wins market share as the economy picks up. Based in Hillsborough, OR, TriQuint is an original equipment manufacturer of semiconductor communication integrated circuits and specifically targets the wireless handset segment, infrastructure networks and defense markets.

Canadian Solar’s Japanese JV

Canadian Solar Inc. (CSIQ) announced that it has formed a joint venture and an 18 MW distribution deal with West Holding Ltd of Japan. The agreement stipulates a transfer of 14% of the shares in Canadian Solar Japan − the Japanese subsidiary of Canadian Solar Inc. − to West Holding Ltd. Canadian Solar will retain the remaining 86% stake in its subsidiary. West Holding Ltd will distribute and sell solar residential rooftop systems designed by Canadian Solar Japan. The sales target for 2010 is approximately 18 MW.

West Holdings Corporation and its subsidiaries develop photovoltaic systems, all electric housing, and heat reflective paints in Japan and overseas.

Canadian Solar is a vertically integrated manufacturer of silicon ingots, wafers, cells, solar modules (panels) and custom-designed solar power applications. The company has seven manufacturing facilities located at Suzhou, Changshu and Luoyang in China. Canadian Solar has an annual capacity of approximately 120 MW to 150 MW of ingots and wafers, 270 MW of cells, and 820 MW of modules.

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Chicago, IL – October 13, 2009 – Zacks.com announces the list of stocks featured in the Analyst Blog. Every day the Zacks Equity Research analysts discuss the latest news and events impacting stocks and the financial markets. Stocks recently featured in the blog include: TriQuint (TQNT), Skyworks Solutions (SWKS), ANADIGICS Inc. (ANAD), RF Micro Devices (RFMD) and Becton, Dickinson and Co. (BDX).

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Here are highlights from Monday’s Analyst Blog:

TriQuint Launches New Solutions

TriQuint (TQNT) recently announced that it would launch new solutions for cable systems, microwave radio and optical networks to enable network operators meet the growing demand for broadband services more efficiently and economically.

Management stated that network operators expect to see substantial increases in radio, optical and cable network traffic because of the growing popularity of home and mobile data applications. Operators are looking for cost effective ways to expand capacity while lowering operational expenses.

Radio products and cable infrastructure are expected to grow at a compound annual growth rate (CAGR) of 10% through 2013. Fiber optic IC market CAGR is expected to double during this period and emerging 40Gb/s segment should lead growth with a projected 78% CAGR. Hence, TriQuint expects to place itself in a dominant position with new solutions to capitalize on the massive growth potential.

Based in Hillsboro, OR, TriQuint is an original equipment manufacturer (OEM) of semiconductor communication integrated circuits (ICs) and specifically targets the wireless handset segment, infrastructure networks and defense markets.

TriQuint earlier signed an agreement with Huawei to supply driver amplifiers and related products for new optical transport systems. TriQuint will also work closely with Huawei to develop higher speed and wider bandwidth network solutions with lower power consumption for operators worldwide.

TriQuint Semiconductor recently announced the acquisition of TriAccess Technologies. TriAccess is a leading provider of Cable TV and Fiber-to-the-Premise (FTTP) integrated circuits for the amplification of high-quality multimedia content.

With the economy showing signs of recovery, we expect capital spending to pick up in the second half of 2009.

Management had earlier provided a strong forecast for the second half of 2009 as it foresees a sustained demand for handset and defense products along with an eventual recovery in the networks market. Inventory correction in the handset segment is almost done.

TriQuint is pitted against players like Skyworks Solutions (SWKS), ANADIGICS Inc. (ANAD) and RF Micro Devices (RFMD). It remains to be seen how it fares and wins market share as the economy picks up.

Becton Receives FDA Approval

Becton, Dickinson and Co. (BDX) announced that it received Food and Drug Administration (FDA) approval to market its blood collection device, BD Vacutainer Rapid Serum Tube, in the U.S. Unlike standard tubes, the Serum tubes are ready for analysis in five minutes.

The Serum tube contains a gel additive that speeds up the clotting process, thereby enabling the tube to be put in a centrifuge for analysis five minutes after it is filled. On the other hand, standard tubes require 30 minutes of clotting before they are ready for use.

The new approval would boost demand for Serum tubes that will eventually drive revenues for the BD Diagnostics segment. BD Diagnostics is one of the three Becton’s operating segments that manufacture Serum tubes. Becton’s other two operating segments are: BD Medical and BD Biosciences.

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About Zacks Equity Research

Zacks Equity Research provides the best of quantitative and qualitative analysis to help investors know what stocks to buy and which to sell for the long-term.

Continuous coverage is provided for a universe of 1,150 publicly traded stocks. Our analysts are organized by industry which gives them keen insights to developments that affect company profits and stock performance. Recommendations and target prices are six-month time horizons.

Zacks "Profit from the Pros" e-mail newsletter provides highlights of the latest analysis from Zacks Equity Research. Subscribe to this free newsletter today: http://at.zacks.com/?id=5517

About Zacks

Zacks.com is a property of Zacks Investment Research, Inc., which was formed in 1978 by Leonard Zacks. As a PhD in mathematics Len knew he could find patterns in stock market data that would lead to superior investment results. Amongst his many accomplishments was the formation of his proprietary stock picking system; the Zacks Rank, which continues to outperform the market by nearly a 3 to 1 margin. The best way to unlock the profitable stock recommendations and market insights of Zacks Investment Research is through our free daily email newsletter; Profit from the Pros. In short, it's your steady flow of Profitable ideas GUARANTEED to be worth your time! Register for your free subscription to Profit from the Pros at http://at.zacks.com/?id=5518.

Visit http://www.zacks.com/performance for information about the performance numbers displayed in this press release.

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Disclaimer: Past performance does not guarantee future results. Investors should always research companies and securities before making any investments. Nothing herein should be construed as an offer or solicitation to buy or sell any security.

Contact:
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Here are highlights from Wednesday's Analyst Blog:

What Could Kill Apple-Verizon Deal?

In the continuing saga of the iPhone and Verizon (VZ) the press has written about a liaison between Verizon and Microsoft (MSFT) to sell a Microsoft-designed iPhone killer.

There is a cultural divide between Apple (AAPL) and Microsoft with rabid Apple devotees denigrating anything Microsoft. The popular opinion is that it takes three tries before Microsoft gets anything right (this goes back to the introduction of Windows where version 3.1 was the first version that worked).

There is also the notion that Microsoft is a software company. However, Microsoft has a very successful business selling mice and keyboards. Apple is known for its better operating systems.

NAL Beats, but Credit Deteriorates

NewAlliance Bancshares, Inc. (NAL) reported its 1Q09 financial results after market close yesterday. A conference call to discuss the results was held this morning.

Diluted earnings for the quarter came in at $0.12 per share, four cents ahead of our estimate. An almost-stable NIM, strong organic loan originations, growth in core deposits, reduced deposit costs, continued diligent expense control and a strong capital position were the key positives for the quarter.

Anadigics Hurt by Lower Guidance

Shares of Anadigics Inc. (ANAD, Hold) are off nearly 8% in early trading today following the company's better-than-expected Q1 results released yesterday. Apparently, the stock is discounting ANAD's forward guidance, which is lower than our and consensus expectations.

The company saw continued weakness in the Broadband area as directly related to the current economic downturn, impacting its wireless and cable segments. ANAD sees this weakness well into Q2 and clearly does not expect an upturn until Q3.

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About Zacks Equity Research

Zacks Equity Research provides the best of quantitative and qualitative analysis to help investors know what stocks to buy and which to sell for the long-term.

Continuous coverage is provided for a universe of 1,150 publicly traded stocks. Our analysts are organized by industry which gives them keen insights to developments that affect company profits and stock performance. Recommendations and target prices are six-month time horizons.

Zacks "Profit from the Pros" e-mail newsletter provides highlights of the latest analysis from Zacks Equity Research. Subscribe to this free newsletter today: http://at.zacks.com/?id=2677

About Zacks

Zacks.com is a property of Zacks Investment Research, Inc., which was formed in 1978 by Leonard Zacks. As a PhD in mathematics Len knew he could find patterns in stock market data that would lead to superior investment results. Amongst his many accomplishments was the formation of his proprietary stock picking system; the Zacks Rank, which continues to outperform the market by nearly a 3 to 1 margin. The best way to unlock the profitable stock recommendations and market insights of Zacks Investment Research is through our free daily email newsletter; Profit from the Pros. In short, it's your steady flow of Profitable ideas GUARANTEED to be worth your time! Register for your free subscription to Profit from the Pros at http://at.zacks.com/?id=4580.

Visit http://www.zacks.com/performance for information about the performance numbers displayed in this press release.

Disclaimer: Past performance does not guarantee future results. Investors should always research companies and securities before making any investments. Nothing herein should be construed as an offer or solicitation to buy or sell any security.

Contact:
Mark Vickery
Web Content Editor
312-265-9380
Visit: www.zacks.com

Get the most recent insight from Zacks Equity Research with the free Profit from the Pros newsletter: http://at.zacks.com/?id=4579.

Here are highlights from Wednesday's Analyst Blog:

Buy 3SBio Up to $10

3SBio Inc. (SSRX) is a China-based biotech company focused on developing and marketing therapeutics for nephrology, oncology and cancer supportive care. The company's flagship product EPIAO is the number 1 brand in China's EPO [erythropoietin] market.

Its second lead product TPIAO has gained rapid physician acceptance for thrombocytopenia and is making a meaningful contribution to the company's top line growth. Recent deal with US-based AMAG Pharmaceuticals Inc. (AMAG) will boost its expansion into IV Iron market.

Anadigics a Hold on Guidance

ANADIGICS, Inc. (ANAD) designs and manufactures radio frequency integrated circuits (ICs) for the wireless and broadband markets. Anadigics earlier reported revenues of $45.2 million in Q4:08, down 33.0% year over year and down 22.1% quarter over quarter.

Going forward, ANAD expects a decline of 35% year over year in Q1:09. In addition, the under-utilization of fabs will put pressure on gross margins. Management also stated that the fab is under-utilized and the company is not starting a lot of wafers due to the inventory position at the end of Q4. The company is looking for inventory turns above five in the coming quarter.

PetroChina Remains Expensive

PetroChina Company Ltd. (PTR) is the largest integrated oil company in China. The company's activities include: the exploration, development, production and sale of crude oil and natural gas; the refining, transportation, storage and marketing of petroleum products; the manufacture and sale of chemical products; and the transmission of natural gas, crude oil and refined products.

PetroChina ADRs have been weak in recent days, in line with the rest of the group, due to the pullback in crude oil prices and the broad turmoil in global markets. But they are hardly cheap. Based on most conventional valuation metrics, the ADRs are currently trading at a premium to the Chinese and other emerging market peers.

Teekay Shipping Stays Afloat

We are maintaining our Hold on Teekay Corporation (TK), but reducing our target price to $15. TK reported 3rd quarter EPS of $1.29 before nonrecurring items, above consensus and our estimate of $1.12, largely reflecting higher-than-expected revenue growth.

We are cutting our 2008 diluted EPS estimate to $3.75 from $4.00, as well as our 2009 estimate to $1.15 from $2.75, as we have moderated our revenue assumptions. Results should reflect the impact of global economic weakening on both spot rates and shipping volumes. We note that TK released restated financial results for the first half related to changes in the accounting treatment for long-term incentive compensation.

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About Zacks Equity Research

Zacks Equity Research provides the best of quantitative and qualitative analysis to help investors know what stocks to buy and which to sell for the long-term.

Continuous coverage is provided for a universe of 1,150 publicly traded stocks. Our analysts are organized by industry which gives them keen insights to developments that affect company profits and stock performance. Recommendations and target prices are six-month time horizons.

Zacks "Profit from the Pros" e-mail newsletter provides highlights of the latest analysis from Zacks Equity Research. Subscribe to this free newsletter today: http://at.zacks.com/?id=2677

About Zacks

Zacks.com is a property of Zacks Investment Research, Inc., which was formed in 1978 by Leonard Zacks. As a PhD in mathematics Len knew he could find patterns in stock market data that would lead to superior investment results. Amongst his many accomplishments was the formation of his proprietary stock picking system; the Zacks Rank, which continues to outperform the market by nearly a 3 to 1 margin. The best way to unlock the profitable stock recommendations and market insights of Zacks Investment Research is through our free daily email newsletter; Profit from the Pros. In short, it's your steady flow of Profitable ideas GUARANTEED to be worth your time! Register for your free subscription to Profit from the Pros at http://at.zacks.com/?id=4580.

Visit http://www.zacks.com/performance for information about the performance numbers displayed in this press release.

Disclaimer: Past performance does not guarantee future results. Investors should always research companies and securities before making any investments. Nothing herein should be construed as an offer or solicitation to buy or sell any security.

Contact:
Mark Vickery
Web Content Editor
312-265-9380
Visit: www.zacks.com