Interesting post late yesterday concerning ANAD. Now there is value, and there is underlying value, and there is strategic value. What in the world (if at all) would be of interest to a potential acquisitor here ?

http://www.microwavejournal.com/blogs/17-gary-lerude-mwj-technical-editor/post/25484-anadigics-to-be-acquired-by-gaas-labs

Running out of cash, ANADIGICS had to do something to survive, which provided the opportunity for GaAs Labs. ANADIGICS joins the stable with MACOM, acquired by GaAs Labs in 2009, and Nitronex, acquired in 2014. Ocampo's first task will be to stabilize ANADIGICS, revisiting the strategy and rationalizing markets and products. Although ANADIGICS will operate as a wholly-owned subsidiary of GaAs Labs, I suspect that the company, once restructured, will merge with MACOM (i.e., be purchased by) as Nitronex did.

What will Ocampo do with ANADIGICS' processes and 6-in fab in New Jersey? MACOM has promoted a "fab lite" strategy; an underutilized 6-in fab is not "fab lite." Arguably, a fab can't be loaded running wafers for traditional communications infrastructure and defense applications, which are MACOM's historic markets. However, the fab may provide needed capacity for MACOM's growing optical laser diode business, acquired with BinOptics.

ANADIGICS had already been moving in this direction, seeing market demand for VCSELs as a way to load the fab. In August, they secured the role as VCSEL manufacturing partner for POET Technologies. POET is commercializing a planar opto-electronic technology (POET) to monolithically integrate electronic and optical circuits. We'll have to see if the relationship with POET survives the GaAs Labs acquisition or if MACOM is too much of a competitor.