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Technology Stocks : Qualcomm Incorporated (QCOM)
QCOM 156.21+1.4%11:41 AM EST

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To: Kayaker who wrote (116675)4/16/2002 4:17:09 PM
From: Kayaker  Read Replies (1) of 152472
 
4:15pm 04/16/02 RF Micro beats, gives upbeat outlook (RFMD) By Barbara C. Costanza

Radio frequency integrated circuits manufacturer RF Micro Devices (RFMD) reported fourth-quarter earnings of $2.8 million, or 2 cents a share, a penny ahead of the consensus estimate. In the year-ago period, the company lost $6.8 million, or 4 cents a share. Revenue for the quarter totaled $100.4 million, exceeding the company's prior forecast of between $90 million and $95 million and analysts estimates of $91.6 million. For the first quarter of 2003, the company expects earnings of between 2 cents and 3 cents with revenue coming between $107 million and $110 million. Analysts currently expect a per share profit of 2 cents with revenue of $100.9 million. Shares closed up $1.49 to $20.23 ahead of the news.

cbs.marketwatch.com;
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