INDIVIDUAL INVESTOR Names ANADIGICS Among America's 100 Fastest Growing Companies.Business Editors NEW YORK--(BUSINESS WIRE)--Aug. 22, 2000 Individual Investor gives ANADIGICS the coveted cov·et v. cov·et·ed, cov·et·ing, cov·ets v.tr. 1. To feel blameworthy desire for (that which is another's). See Synonyms at envy. 2. To wish for longingly. See Synonyms at desire. "thumbs up" vote of confidence In its seventh ranking, Individual Investor magazine today announced that ANADIGICS (Nasdaq:ANAD ANAD Anorexia Nervosa and Associated Disorders ANAD National Association of Anorexia Nervosa and Associated Disorders ANAD Anniston Army Depot ANAD Asociación Nacional de Abogados Democráticos (National Association of Democratic Lawyers, Mexico) ), a leading supplier of wireless and broadband communications solutions, is among this year's list of 100 fastest growing companies in the United States United States, officially United States of America, republic (2005 est. pop. 295,734,000), 3,539,227 sq mi (9,166,598 sq km), North America. The United States is the world's third largest country in population and the fourth largest country in area. . In addition, Individual Investor gave ANADIGICS a "thumbs up" vote, meaning that its stock is expected to continue to grow. Individual Investor ranks this year's fastest growing companies in a special September 2000 issue. "ANADIGICS is honored to be named as one of America's 100 fastest growing companies," remarked Tom Shields, Senior Vice President and Chief Financial Officer at ANADIGICS, Inc. "ANADIGICS is a leading supplier of semiconductor solutions that enable high speed Internet connectivity, wireless data and voice communication, and advanced digital cable services to the home. We are quite proud to be recognized by Individual Investor as a leader in the growing wireless and broadband communications markets." To earn a place on the list, a company must have doubled its earnings, compared with year-earlier performance, during at least one of the past four quarters. For the 12 months ending in that banner quarter, the company's revenue must also have increasing by at least 25 percent year after year. "This year, to try to weed out one-quarter wonders, we've checked analysts' reports to ensure that earnings at each company are projected to grow at least 25 percent annually for the next two years," says chairman and editor in chief Jonathan Steinberg Jonathan Steinberg is the Walter H. Annenberg Professor of Modern European History and Chair of the Department of History at the University of Pennsylvania. He received his A. B. from Harvard University and his Ph.D. from Cambridge University. . "Still, projections are just best guesses, and, as in years past, we've factored in other considerations --- everything from prospects for competing companies to business trends and economic conditions --- and given a thumbs up or thumbs down on the investment outlook for every company on our list." ANADIGICS (NASDAQ:ANAD) designs and manufactures radio frequency integrated circuit integrated circuit (IC), electronic circuit built on a semiconductor substrate, usually one of single-crystal silicon. The circuit, often called a chip, is packaged in a hermetically sealed case or a nonhermetic plastic capsule, with leads extending from it for (RFIC RFIC Radio Frequency Integrated Circuit RFIC Radio Frequency Interface Chip ) solutions for growing broadband and wireless communications wireless communications System using radio-frequency, infrared, microwave, or other types of electromagnetic or acoustic waves in place of wires, cables, or fibre optics to transmit signals or data. markets. The Company's innovative high frequency RFICs enable manufacturers of communications equipment to enhance overall system performance, manufacturing cost, and time to market. By utilizing state-of-the-art manufacturing processes for its RFICs, ANADIGICS achieves the high-volume and cost-effective products required by leading companies in its targeted high-growth communications markets. ANADIGICS was the first GaAs IC manufacturer to receive ISO (1) See ISO speed. (2) (International Organization for Standardization, Geneva, Switzerland, www.iso.ch) An organization that sets international standards, founded in 1946. The U.S. member body is ANSI. 9001 certification. For more information on ANADIGICS, visit the Company's Web site at www.anadigics.com Except for historical information contained herein, this press release 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 Integrated circuits Miniature electronic circuits produced within and upon a single semiconductor crystal, usually silicon. Integrated circuits range in complexity from simple logic circuits and amplifiers, about 1/20 in. (1. , 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 Company's reports filed with the Securities and Exchange Commission, including the report on Form 10-K Form 10-K A report required by the SEC from exchange-listed companies that provides for annual disclosure of certain financial information. Form 10-K See 10-K. for the year ended December 31, 1999. 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. |
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