Dyer & Berens LLP Files Class Action Lawsuit on Behalf of Investors in ANADIGICS, Inc.

DENVER, CO – November 11, 2008 – Dyer & Berens LLP today announced that it has filed a class action lawsuit in the United States District Court for the District of New Jersey on behalf of investors of ANADIGICS, Inc. (“ANADIGICS” or the “Company”) (NASDAQ: ANAD) who purchased common stock between July 25, 2007 and February 12, 2008, inclusive (the “Class Period”).  The complaint charges ANADIGICS and certain of its officers and directors with violations of the Securities Exchange Act of 1934.

Click here to view the Complaint.

If you wish to serve as a lead plaintiff, you must move the Court no later than January 12, 2009. If you wish to discuss this action or have any questions concerning this notice or your rights or interests, please contact plaintiff's counsel, Jeffrey A. Berens, Esq. at (888) 300-3362, (303) 861-1764, or via email at This e-mail address is being protected from spam bots, you need JavaScript enabled to view it .  Any member of the putative class may move the Court to serve as lead plaintiff through counsel of their choice, or may choose to do nothing and remain an absent class member.

The class action complaint alleges that the representations made by defendants during the Class Period were materially false and misleading when made because they failed to disclose that: (i) ANADIGICS 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 its common stock dropped from $10.36 per share to $8.86 per share, on extremely heavy trading volume.

Plaintiff seeks to recover damages on behalf of purchasers of ANADIGICS common stock during the Class Period.  The plaintiff is represented by Dyer & Berens LLP, which has expertise in prosecuting investor class actions involving financial fraud.  The firm’s extensive experience in securities litigation, particularly in cases brought under the Private Securities Litigation Reform Act, has contributed to the recovery of hundreds of millions of dollars for aggrieved investors.  For more information about the firm, please go to www.DyerBerens.com.

CONTACT: 

Dyer & Berens LLP

Jeffrey A. Berens

(888) 300-3362

(303) 861-1764