Anadigics (ANAD) Down Over 40%

Posted in General 
August 8th, 2008

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 Keegan also downgraded the stock.

Douglas A. McIntyre

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