Anadigics (ANAD +15.5%), a maker of mobile phone power amplifiers, rallies strongly after...

|By:, SA News Editor

Anadigics (ANAD +15.5%), a maker of mobile phone power amplifiers, rallies strongly after posting Q3 revenue of $37.3M (-39% Y/Y) and EPS of -$0.12, beating consensus by $1.4M and $0.03. Anadigics has been bleeding share, as Sprint (S) and Verizon's (VZ) rollout of 4G networks leads to declining shipments of the company's 3G EV-DO amplifiers.