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Technology Stocks : RF Micro Devices (RFMD)
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To: tuck who wrote (4138)8/28/2002 11:46:33 AM
From: Nevin S.  Read Replies (2) of 4849
 
Tuck, I think TQNT's announcement that its cutting its workforce is weighing on wireless semis as well. One bright spot to note is that TQNT says that its Saw filter products (from acquisition of SAWS) are still humming along. This tells me that TQNT's ills are more on the PA side and probably because they aren't competing with companies like RFMD as well as they'd like. So, with the upgrade of NOK and other news out of the wireless arena I think we'll see a ramp in RFMD in the near future. Also, today's price action based on news out of TQNT is more than likely the less informed investor "selling the news" of the sector. When the more informed institutions review what's going on here I thing we'll see a bounce in the next couple of days depending upon overall market conditions of course.
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