Anadigics' wireless shipments grow by 31%
The company also reported a net loss of $12.6 million, or $0.41 per share. Although the loss was less than in the year-ago period, the company’s revenue for the quarter failed to meet analyst’s expectations and the company’s shares fell sharply.
Wireless revenues in the quarter were $9.5 million, reflecting an increase of 5.6% over the prior quarter. CDMA PA revenues accounted for 82% of Anadigics’ wireless revenues.
Total unit shipments in wireless were up by 31%, with CDMA power amplifier unit shipments up 13% over the prior quarter.
Last week, Anadigics acquired the assets of Tavanza, the wireless handset PA subsidiary of Celeritek, to broaden its CDMA product line and to accelerate its penetration into strategic handset OEM customers.
Broadband revenues of $8.3 million declined 8.4% from the previous quarter reflecting seasonal order patterns and continued industry softness for CATV products. However, WLAN revenue increased 47% sequentially.
"We have continued to increase our share of the CDMA and WLAN markets as reflected by our third quarter results and we anticipate this growth will continue into the fourth quarter," said Bami Bastani, Anadigics’ president and CEO.
"We are now designed into a leading tier-one GSM/GPRS reference design and have passed field type approval for certain GSM handset platforms, which establishes our beachhead for growing market share in GSM, the largest handset market in the world."
