Mike, Blue Horseshoe loves blue star and I love gallium arsenide heterojunction bipolar transistor (GaAs HBT). -g-
both CNXT and RFMD are making these gallium arsenide products. --we just need to be savvy about buying on the sell off -ng-
Here is a write up of some of RFMD's tech
RF Micro Devices Gets S&P "Stock Of The Week" Honor (RFMD)
Newstraders - November 24, 1998 15:41
(NewsTraders.com)-- RF Micro Devices (RFMD) was selected by Standard Poor's as its "Stock of the Week," according to
BusinessWeek Online.*
RF Micro Devices designs and manufactures proprietary radio frequency integrated circuits (RFICs) for wireless communications
applications such as cellular and personal communications services, cordless telephony, wireless local networks, wireless local loop,
industrial radios, and more.
Company designs systems using three distinct process technologies, with most sales coming from gallium arsenide heterojunction bipolar
transistor (GaAs HBT).
Highlights:
- Company's products have been designed into advanced subscriber handsets made by leading OEMs such as Nokia (NOIa), Hyundai,
Phillips (PHG), and Motorola (MOT).
- Within the last decade, gallium arsenide semiconductor technology has emerged as an effective alternative or complement to silicon
technology in many high-performance radio frequency applications.
- Consensus earnings per shares estimates are $0.53 for fiscal 1999 (March), and $0.70 for fiscal 2000. That makes the P/E based growth
rate of 38%.
- Stock is trading above its 50- and 150-day moving average after recently breaking out to an all-time high.
- Analyst Mark Arbeter set a "sell stop" of $22.50 on the stock.
NOTE: "Stocks of the Week" are suggested investment opportunities for potentially large capital gain over a 3 to 12 month horizon,
according to SP.
* subscription required
Copyright 1998 NewsTraders Inc. All Rights Reserved Tuesday, November 24, 1998 |
