Anadigics and Celeritek reveal quarterly earnings
The increased revenue expectations are in response to stronger demand from both existing and new wireless CDMA customers. Wireless revenue is expected to be $13 million, which reflects a $4 million or 44% sequential improvement from the first quarter and a $2 million or 18% improvement over the previously-expected second quarter wireless revenue of $11 million. Broadband revenue remains on track at $10 million.
"We re extremely pleased with the success of our InGaP HBT CDMA power amplifier modules in the marketplace," said Bami Bastani, President and CEO of Anadigics. "Our products continue to gain acceptance due to our outstanding quality, performance, and best-of-breed technology. These advantages, combined with our advanced module manufacturing capability, enable us to serve next generation handsets in high volume and have positioned us as the fastest growing power amplifier supplier in the CDMA handset market."Celeritek sees strength in demand for modulesCeleritek recorded net sales for the first quarter of 2002 of $13.2 million, compared with $18.0 million in the first quarter of 2001. Net loss was $2.8 million or $0.23 per share for the first quarter of 2002, compared to a net loss of $16.5 million or $1.39 per share for the first quarter of 2001.
Net sales for the financial year ended March 31, 2002 decreased to $57.1 million from $85.1 million in fiscal 2001 due to the slow down in the wireless communications infrastructure market.
Semiconductor sales were $6.7 million in the first quarter of 2002 compared to $8.7 million in the year-ago period. The decrease in sales was due to decreased sales of semiconductor products for wireless infrastructure applications partially offset by increased sales of semiconductors for handset applications.
Subsystem sales in the first quarter of 2002 were $6.5 million compared to $9.3 million in the year-ago period. The decrease in sales is due to decreased sales of subsystem products for wireless infrastructure applications partially offset by increased sales of subsystems for defense applications.
"We are pleased that sales of power amplifier modules for handsets increased 46% year-over-year," commented Tamer Husseini, president and CEO. "We have seen some strengthening in our customers forecasted demand for modules, and our defense business is stable. The wireless infrastructure market, which was very soft in fiscal 2002, continues to be weak."
