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.

CommunicationsNews & Features

Terms & Conditions Privacy Policy About Us Contact Us
back to top
Facebook Twitter Instagram LinkedIn YouTube RSS
©2019 Photonics Media, 100 West St., Pittsfield, MA, 01201 USA,

Photonics Media, Laurin Publishing
x We deliver – right to your inbox. Subscribe FREE to our newsletters.
We use cookies to improve user experience and analyze our website traffic as stated in our Privacy Policy. By using this website, you agree to the use of cookies unless you have disabled them.