Anadigics, Inc. (Nasdaq: ANAD)

A class action has been commenced in the United States District Court for the District of New Jersey on behalf of purchasers of Anadigics, Inc. (Nasdaq: ANAD) common stock during the period between July 25, 2007 and February 12, 2008 (the “Class Period”). The complaint charges Anadigics and certain of its officers and directors with violations of the Securities Exchange Act of 1934. Anadigics provides semiconductor solutions to the broadband wireless and wireline communications markets.

The complaint alleges that the representations contained in Anadigics’ press releases, SEC filings, conference calls and presentations during the Class Period were materially false and misleading when made because they failed to disclose that: (i) the Company was experiencing manufacturing inefficiencies associated with increased production levels and would not be able to meet its stated guidance; (ii) the Company was at risk of losing customers due to its inability to meet demand; and (iii) as a result of the foregoing, defendants lacked a reasonable basis for their positive statements about the Company and its prospects.

According to the complaint, on October 23, 2007, Anadigics held a conference call to discuss its third quarter earnings announcement and the Company’s operations. In response to the disappointing earnings announcement, the price of Anadigics common stock declined from $19.34 per share to $15.60 per share on heavy trading volume. However, defendants continued to conceal that the Company’s manufacturing inefficiencies were continuing to erode the Company’s profitability. Then, on February 12, 2008, Anadigics announced its financial results for the fourth quarter and year-end 2007. Following this announcement, the price of Anadigics common stock dropped from $10.36 per share to $8.86 per share, on extremely heavy trading volume.

If you are a current shareholder and purchased during period between July 25, 2007 and February 12, 2008 and would like to discuss your options of exercising your rights as a shareholder, please contact us.

Please submit the following information so we can determine if you qualify for the suit. If you don't know all the specific details, partial information is also acceptable.

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