Anadigics (NASDAQ:ANAD), a $177 million market cap designer and manufacturer of RF semiconductor solutions for cellular wireless, WIFI and infrastructure applications, hasn't been able to break into the big leagues despite an 18-year history as a public company. After maxing out at $100 in 2000, the stock has been a chronic disappointer, currently selling at $2.12 - a far cry from its internet dot.com days.
Even at this low share price, it is my contention that Anadigics is still overvalued and has much further to fall, possibly revisiting its $1.71 lows experienced a few months ago. Time after time, Anadigics appears to be on the verge of profitability, only to disappoint. I believe Anadigics will once again fail...
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