ANADIGICS Inc. (ANAD) recently reported revenues of $36.7 in the third quarter of 2009, down 36.8% year over year but up 16.7% sequentially. The reported revenue surpassed management guidance of revenue growth at 5%–10%.  The revenue growth was driven by a boost in the company’s 3G wireless products as well as an earlier than expected recovery in both cable TV and WLAN revenues. Cable set-top box products increased and wireless LAN products jumped 65% sequentially.  Gross margin improved significantly to 24.4% from 10.7% in the previous quarter primarily due to the increased revenue, higher factory utilization and improved yields. Operating expenses increased by $600,000 to $15 million from last quarter on higher R&D cost attributable to new products. Net loss per share came in at 10 cents better than the Zacks Consensus Estimate of a loss of 15 cents.  The company recently announced a foundry ...

ANADIGICS, Inc. (ANAD) recently announced a strategic agreement with WIN Semiconductors Corp., for the design and manufacture of Gallium Arsenide microwave monolithic integrated circuits (MMIC). Gallium Arsenide (GaAs) ICs are used in wireless handsets and data devices that allow people to connect and communicate everywhere. ANADIGICS is headquartered in Warren, NJ. The company designs and manufactures semiconductor solutions for the broadband wireless and wireline communications markets.  WIN Semiconductors Corp. is one of the world's largest pure-play GaAs foundries. WIN has agreed to provide ANADIGICS with GaAs foundry processing services to meet customer demand for its high-performance, radio frequency integrated circuits (ICs). This foundry relationship is a key component of ANADIGICS' new hybrid manufacturing strategy. Together with its in-house manufacturing facility, the company can continue to deliver best-in-class RF devices to the wireless and broadband marketplaces. In 2008, ANADIGICS lost significant market share (primarily at Samsung) ...

Employers cut 539,000 jobs in April, the lowest total in six months, but the Labor Department said the unemployment rate still soared to 8.9%, from 8.5% in March. While some analysts viewed the latest report as a sign of a nascent economic recovery, the unemployment numbers are almost certain to head higher before the recession is declared over.

Last week’s report could have been worse if the numbers hadn’t been held in check by a burst of federal government hiring of temporary workers to prepare for the 2010 Census.

The report was also skewed by the way the government categorizes the unemployed.  As Money Morning previously reported, if laid-off workers who have given up looking for new jobs or have settled for part-time work are included, the numbers skyrocket.

In fact, if the latest unemployment report had included those workers, the rate would have soared

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Northwest Bancorp. (NWSB) reported impressive second-quarter results in July that included a big jump in earnings from last year. Analysts have raised their guidance in response to the strong performance, and the company's share price recently broke above a key short-term level of resistance.

Northwest Bancorp, Inc. operates as a holding company for Northwest Savings Bank, a regional bank that offers banking and financial services. The company was founded in 1896, has a market cap of $1.38 billion and is headquartered in Warren, Pennsylvania.

Second-Quarter Results

Bucking the trend in the financial sector and gaining a boost from the recent bailout of Fannie and Freddie, shares of Northwest Bancorp have been posting impressive gains for the last 2 months. The company's second-quarter results helped showcase its ability to sidestep some of the problems that have been plaguing other financial companies.

Net income

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