RF Micro Devices Recognized as World's Leading Supplier of Power Amplifiers For Wireless Handsets
Wednesday June 11, 8:31 am ET
RFMD Ranked Number One in Gartner Dataquest's June 2003 Report 'Wireless Communications Semiconductor Competitive Market Shares for 2002'
GREENSBORO, N.C., June 11 /PRNewswire-FirstCall/ -- RF Micro Devices, Inc. (Nasdaq: RFMD - News), a leading provider of proprietary radio frequency integrated circuits (RFICs) for wireless communications applications, today announced that Gartner Dataquest has recognized RF Micro Devices as the industry's number one provider of power amplifiers (PAs) for wireless handsets based on 2002 revenues. According to a June 2003 report entitled, "Wireless Communications Semiconductor Competitive Market Shares for 2002," Gartner Dataquest estimated the worldwide PA market in 2002 was approximately $1.09 billion, of which Gartner estimates RFMD held approximately 35 percent market share.
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Eric Creviston, corporate vice president of wireless products at RF Micro Devices, said, "Gartner Dataquest estimated that our market share grew from 26 percent in 2001 to 35 percent in 2002, which supports our view that RFMD continued to put distance between ourselves and our competition in fiscal 2003. For years, we have been the most trusted merchant supplier of power amplifiers for wireless handsets, and we anticipate building upon our leadership position in fiscal 2004. Of note, our growth in market share represents a 35 percent increase, which significantly exceeds Gartner's estimates for growth among any of our major competitors."
Power amplifiers are the most critical component in the radio section of handsets and amplify the handset's signal through its antenna back to the base station.
RF Micro Devices, Inc., an ISO 9001- and ISO 14001-certified manufacturer, designs, develops, manufactures and markets proprietary RFICs primarily for wireless communications products and applications such as cellular and PCS phones, base stations, WLANs, and cable television modems. The Company offers a broad array of products -- including amplifiers, mixers, modulators/demodulators, and single-chip receivers, transmitters and transceivers -- representing a substantial majority of the RFICs required in wireless subscriber equipment. The Company's strategy is to focus on wireless markets by offering a broad range of standard and custom-designed RFICs in order to position itself as a "one-stop" solution for its customers' RFIC needs. RF Micro Devices, Inc. is traded on the Nasdaq National Market under the symbol RFMD. For more information about RFMD, please visit our website at www.rfmd.com .
This press release contains forward-looking statements that relate to RF Micro Devices' plans, objectives, estimates and goals. Words such as "expects," "anticipates," "intends," "plans," "projects," "believes," and "estimates," and variations of these words and similar expressions, identify these forward-looking statements. RF Micro Devices' business is subject to numerous risks and uncertainties, including variability in quarterly operating results, the rate of growth and development of wireless markets, risks associated with the operation of wafer fabrication, molecular beam epitaxy and test, tape and reel facilities and the Company's conversion from four-inch to six-inch wafer manufacturing, its ability to manage rapid growth and to attract and retain skilled personnel, variability in production yields, its ability to control and reduce costs and improve gross margins on highly integrated products, dependence on a limited number of customers and dependence on third parties. These and other risks and uncertainties, which are described in more detail in RF Micro Devices' most recent Annual Report on Form 10-K filed with the Securities and Exchange Commission, could cause actual results and developments to be materially different from those expressed or implied by any of these forward-looking statements.
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