SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the
Securities Exchange Act of 1934
Date of Report (Date of earliest event reported): May 14, 2001
ANADIGICS, INC.
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(Exact name of registrant as specified in its charter)
Delaware 0-25662 22-2582106
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(State or other jurisdiction (Commission (I.R.S. Employer
of incorporation) File Number) Identification No.)
35 Technology Drive
Warren, New Jersey 07059
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(Address of principal executive offices) (Zip Code)
(908) 668-5000
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Registrant's telephone number, including area code
None
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(Former name or former address, if changed since last
report.)
Item 9. Regulation FD Disclosure.
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On May 11, 2001, ANADIGICS, Inc. (the "Company" or "ANADIGICS") held an
Investor/Analyst meeting. During the meeting the following information was
disclosed:
o The Company continues to experience low visibility into its third
quarter, and, as such, it expects third quarter revenues to resemble
second quarter Company estimates reflected in its April 23, 2001 press
release.
o The Company did experience some small pull-in orders from various
customers from third quarter into second quarter that could indicate
that the markets that the Company serves might be beginning to turn in
a positive direction.
o The Company has received a purchase order from a major handset
supplier for two of its CDMA InGaP HBT modules with early production
scheduled for the third quarter and ramp expected in the fourth
quarter. This is the first step in meeting the goal of having half of
the Company's wireless revenue being non-MESFET. The Company expects
this design win to approximate $20 to $25 million in revenues in 2001.
o The Company anticipates receiving production orders on GSM InGaP HBT
modules for production beginning in the fourth quarter.
o The Company believes that the cable product line while experiencing a
downturn in revenues due to current market conditions, continues to
build market share. It has established three design wins in China for
distribution of cable infrastructure products, with anticipated
production ramping up in the fourth quarter of this year. The Company
indicated that it expects its cable infrastructure to grow 60% in 2002
over 2001.
o The Company is currently sampling its new 40 Gigabit, OC-768 Traveling
Wave Amplifier product to tier one customers and expects to receive
its first pre-production order for the part shortly.
Except for historical information contained herein, this Form 8-K contains
forward-looking statements that involve risks and uncertainties, including, but
not limited to, order rescheduling or cancellation, changes in estimated product
lives, timely product and process development, individual product pricing
pressure, variation in production yield, difficulties in obtaining components
and assembly services needed for production of integrated circuits, change in
economic conditions of the various markets the Company and its customers serve,
as well as other risks detailed from time to time in the report on Form 10-K for
the year ended December 31, 2000. Forward-looking statements can generally be
identified as such because the context of the statement will include words such
as the Company "believes", "anticipates", "expects", or words of similar import.
Similarly, statements that describe the Company's future plans, objectives,
estimates, or goals are forward-looking statements.
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the
registrant has duly caused this report to be signed on its behalf by the
undersigned thereunto duly authorized.
ANADIGICS, INC.
Date: May 14, 2001 By: /s/ Thomas C. Shields
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Name: Thomas C. Shields
Title: Chief Financial Officer