Search Menu
Photonics Media Photonics Buyers' Guide Photonics EDU Photonics Spectra BioPhotonics EuroPhotonics Industrial Photonics Photonics Showcase Photonics ProdSpec Photonics Handbook
More News
Email Facebook Twitter Google+ LinkedIn Comments

  • Anadigics to Cut Work Force
Jun 2001
WARREN, N.J., June 13 -- Anadigics Inc. a maker of circuits and chips used in wireless and broadband communications systems, said it will fire about 65 employees, or 10 percent of its work force, and post a wider-than-expected second-quarter loss. In March, Anadigics cut its second-quarter outlook due to softness in the communications industry. Component and equipment makers have been hurt as telephone, cable television and Internet companies have cut their capital spending in the slowing economy.
    "Current market conditions that are impacting the visibility for the company and the industry at large, as well as our efforts to return to profitability, requires these actions," said president and CEO Bami Bastani.

Terms & Conditions Privacy Policy About Us Contact Us
back to top

Facebook Twitter Instagram LinkedIn YouTube RSS
©2016 Photonics Media
x We deliver – right to your inbox. Subscribe FREE to our newsletters.