Anadigics (ANAD) Down Over 40%
Anadigics (ANDA) is down over 40% at 9.45 AM. The stock has dropped to $3.42, a new 52-week low, against a period high of $19.53. Volume is nearly 3.5 million shares. Anadigics cut its third-quarter revenue projections to between $62 million and $65 million, from a range of $75 million to $81 million previously. Morgan [...]
Cogent Communications (CCOI) Bleeds
Cogent Communications (CCOI) is off 33% to $7.48 at 9.41 AM. Volume has shot up to 3 million shares. The stock well below its 52-week high of $30.16. Cogent said it now expects a 2008 loss of 50 cents to 60 cents per share, instead of its previous estimate of a loss of 20 cent [...]
Nextwave Wireless (WAVE) Gutted Like A Fish
Nextware Wireless is down over 50% at 9.37 on remarkable volume of 417,000 shares. It drove though its 52-week low moving off to $1.33 against a 52-week high of $7.59. The company reported revenues of $31.8 million for the second quarter of 2008, a $5.8 million or 22 percent increase over the first quarter of [...]
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