Anadigics

(ANAD)

, a maker of circuits for the telecommunications industry, was down 26.8% in preopen Island trading after it warned that revenue would be lower than expected and said it would lose three cents a share in the fourth quarter. Analysts had been expecting the company to break even. Anadigics also said 2001 earnings would 20 cents per share, well below the

First Call/Thomson Financial

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forecast of 79 cents.