Profit Taking Today

Its an outright ugly day in market.  But, it established a new uptrend last week on Wed and Thurs. Corn is down today, oil is down $2. Texas Instruments said the carriers have resumed growth, and 3M said china electronics have strenghtened.

jWells

Anadigics $ANAD Implications for Samsung Galaxy S III

Anadigics $ANAD is supplying 2 dual band amplifiers for power amps in the Samsung Galaxy S III at Sprint. This is huge win for ANAD.  This is by far the best win for them in years.  In the past they have only won a single band amplifier.  Now that have essentially 4 with this new phone and the demand is extremely hot.  Check out the article below on how Sprint can't fill the demand from pre orders.  Also, ANAD is supplying the same in a non Sprint Galaxy S III, but didn't say with which carrier.  My intuition tells me it is Verizon.  Not sure why they would not disclose it on the call.  They simply said the non Sprint Galaxy S III is ramping before the Sprint phone.  On the conference call on May 1, CEO was asked about revenue.  He said "we are ready to go" (meaning haven't shipped yet, just waiting for the word to process). He said there will be some revenue in Q3, but most revenue will start in Q4.  Compelling buy!!!

Sprint says they can't fill all of the orders because of its popularity!!! Great news for ANAD!!


http://www.pcmag.com/article2/0,2817,2406051,00.asp

Rally in Oclaro $OCLR

Oclaro is rallying on no apparent news as posted by Benzinga.  That's right, there isn't any news that I can find. Therefore, there are 3 possibilities to explain it. The first would be some positive news that has leaked.  I doubt this is the answer as Q2 isn't over yet and Oclaro is still in the midst of a merger (which will prove to be successful given Alain Coulder's merger history). The second would be a  competitor/customer has recently announced very positive news. There maybe some truth to this one. Ciena has reported decent business and a decent outlook. The third is short covering.  I think this is the answer.  There is currently 8m shares short which represents about 20-25% of the float, and I doubt that many shares were purchased recently. Also, we are seeing the same rally's in many low dollar shares without news.

KEEP THE PRESSURE ON!!!

jWells