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Technology Stocks : RF Micro Devices (RFMD)

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To: robert duke who wrote (3557)	10/11/2000 7:35:27 PM
From: SJS	Read Replies (2) of 4849

Bob, Although I still have some RFMD (sold some Monday), I am starting to agree with you. Specifically, I was waiting for MOT's report. Very disturbing. Not sure it's just them or the industry. I think the later. CNBC reported (and I corroborated elsewhere from other industry and analyst report) that the voice side of wireless growth is slowing down and the data side has yet to pick up the slack. Sure the Mobile Internet has a nice ring to it, but no-one's using it like they show in the commercials (more BARK than BITE right now.....) It will be so eventually, but there is a lull now when the torid voice growth we've come to experience is waning. MOT's guidance on their margins and unit forecasts was most telling. NOK and ERICY are following this down too. So....that's not to say these things won't rise again, but for now......it's safer to watch then deploy fresh cash into RFMD. As for the broadband chippie guys, AMCC and TXCC reported great numbers and they're trading up the aftermarket. PMCS is tomorrow. Guidance goes UP on these guys! No waiting for a transition. In fact, more broadband and optic infrastructure deployment will generally speed physical wireless deployment and services. Steve _________ Motorola (MOT) 21 5/8 -4 5/8: Hopefully not a sign of things to come, as company met street estimates only to get whacked after guiding future estimates lower. On conference call, MOT lowered key Q4 handset margin to 6.5% in Q4 from 10% - this has been a key metric for investors and cut projected handset sales for FY01 to 525-575 mln - street looking for 600-650 mln... MOT also sees euro adversely impacting Q4 by three cents... Due to these factors, company put FY01 estimated earnings at $1.20 v. consensus forecast of $1.44... Downgrades quickly followed.

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