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Excerpt from our One Page Barron's Summary (receive it weekly by email by signing up here):

Betting on Chocolate Chips by Sandra Ward

Highlighted companies: Anadigics Inc. (ANAD), RF Micro Devices (RFMD), Skyworks Solutions (SWKS)
Summary: Down some 40% this year amid a general slump in telecom, Anadigics' Inc. (ANAD) shares could more than double as the company's financial performance continues to improve, some analysts feel. The company manufactures computer chips that amplify cellphone power. They have posted consistent gains over the past six quarters, making the current slump puzzling. Market cap. is $277 million; projected revenues are $165 million for 2006 and up to $350 million by 2008. The company has excess plant capacity and can double production without expansion. Anadigics stands to benefit from the slimming-down of cellphones and other portable devices, which then require more of its power amplifiers. Analysts project a price target of $10-11/share; some feel even 'mid-teens' are not out of the question. The coming year's earnings estimates range between 34 and 45 cents a share - 13 times earnings. If past history of adding 5 to 7 cents a quarter to earnings is an indication, the company could earn up to 80 cents/share by 2008.
Quick comment: The Barron's article has already been picked up on by Reuters; expect to see some market reaction to the piece in today's trading.

2-yr ANAD Daily Chart

Source: Barron's: Anadigics Has Serious Growth Potential