ANADIGICS Reports Record Sales; Company Reports 39% Sequential Growth in Wireless; 6-Inch Wafer Production Shipments Approved by Company's Largest Customers.
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ANADIGICS Reports Record Sales; Company Reports 39% Sequential Growth in Wireless; 6-Inch Wafer Production Shipments Approved by Company's Largest Customers.
WARREN, N.J.--(BUSINESS WIRE)--July 23, 1999--
ANADIGICS, Inc. (Nasdaq: ANAD) today reported financial results for the second quarter ended July 4, 1999. Net sales for the 1999 second quarter increased 35% to $30.5 million, compared to $22.7 million in the second quarter of 1998. Sales growth for the quarter was primarily driven by the Company's strong performance in sales of integrated circuits for wireless applications, where sales increased 75% from last year's second quarter to $13.1 million. Fiber Optic integrated circuit sales growth for the quarter also contributed ...See the full content of this document
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