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Edition: U.S. Article Comments (0) Follow Reuters Facebook Twitter RSS YouTube Read Eerie links between Harry Potter, bin Laden 02 May 2011 Mississippi drops a foot within hours of levee detonation 11:47am EDT "Book of Mormon" leads with 14 Tony nominations 2:12pm EDT U.S. seeks answers whether Pakistan aided bin Laden | 4:45pm EDT Pakistan has bin Laden wife, children in custody 10:30am EDT Discussed 166 Obama to make statement late Sunday, White House says 106 White House releases longer Obama birth certificate 105 Donald Trump calls U.S. leaders ”stupid” Watched Video of bin Laden compound fire Mon, May 2 2011 Fire ants form rafts to defy floods Tue, Apr 26 2011 Osama bin Laden dead Mon, May 2 2011 Anadigics sees tough 2011 as rivals chip away Tweet Share this By Swati Chitnis (Reuters) - Anadigics Inc (ANAD.O) forecast a challenging year ahead and cut 10 percent jobs as its largest customer Research In Motion (RIM.TO) (RIMM.O) shifted orders to the chipset maker's rivals, sending its shares down 10... Email Print Related News Dow posts best month in 2011 but Microsoft drags Fri, Apr 29 2011 RIM cuts Q1 forecasts, stock slumps Thu, Apr 28 2011 Instant View: RIM slashes forecasts, Microsoft profit climbs Thu, Apr 28 2011 UPDATE 7-Thomson Reuters Q1 revenue up, plans asset sales Thu, Apr 28 2011 Sprint pumps up revenue with new fees Thu, Apr 28 2011 Analysis & Opinion PeopleDeals offers its spin on group buying BlackBerry maker starts to feel serious squeeze Related Topics Technology » Stocks By Swati Chitnis Tue May 3, 2011 2:25pm EDT (Reuters) - Anadigics Inc (ANAD.O) forecast a challenging year ahead and cut 10 percent jobs as its largest customer Research In Motion (RIM.TO) (RIMM.O) shifted orders to the chipset maker's rivals, sending its shares down 10 percent to an eight-month low. Anadigics's second-quarter revenue from the Blackberry maker will fall $10 million sequentially to $6-$7 million, it said. "We will experience further reductions in revenue from (RIM) through the remainder of this year as several of their products approach end of life," Chief Executive Ronald Michels said on a call with analysts. Skyworks Solutions Inc (SWKS.O) and RF Micro Devices Inc (RFMD.O) have eaten into Anadigic's market share with products targeting RIM and Qualcomm (QCOM.O), Morgan Keegan analyst Harsh Kumar told Reuters. Last week, RF Micro said it was ramping up production and sees the business with RIM growing sequentially while Skyworks forecast third-quarter above market estimates on rising demand for smartphones and tablets. Anadigics said it could not get its power amplifiers ready in time for RIM's new chipset vendors, leading to the loss. The company expects the revenue loss from RIM, which contributed 38 percent to its sales in the first quarter, to reduce second-quarter sales by 15-19 percent to $35-$37 million. Sales at its wireless segment, which contributed about two-thirds of Anadigics' total sales in 2010, will fall 25-30 percent sequentially. The company, which had 590 employees, made the job cuts about 10 days ago, analyst Kumar said. Anadigics said it was further streamlining operations to adjust for the lower revenue base. The company, whose other clients are Samsung Electronics (005930.KS) and ZTE Corp (0763.HK), forecast second-quarter broadband sales to increase 35 percent sequentially, but said it could not make up for the decline in wireless sales. Anadigics, which has a market value of about $248 million, expects a second-quarter adjusted loss of 16-17 cents per share. The Warren, New Jersey-based company's shares, which have lost about half of their value in the last three months, touched an eight-month low of $3.13 on Tuesday. They were trading down 10 percent at $3.32. About five million shares changed hands by 0155 ET, four times its 10-day average on Nasdaq. (Reporting by Swetha Gopinath and Swati Chitnis in Bangalore; Editing by Don Sebastian) Technology Tweet this Share this Link this Digg this Email Reprints We welcome comments that advance the story directly or with relevant tangential information. We try to block comments that use offensive language, all capital letters or appear to be spam, and we review comments frequently to ensure they meet our standards. If you see a comment that you believe is irrelevant or inappropriate, you can flag it to our editors by using the report abuse links. Views expressed in the comments do not represent those of Reuters. Comments (0) Be the first to comment on reuters.com. Add yours using the box above. 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