OT: RF Micro sees higher growth than overall handset mkt
Thursday February 5, 10:32 am ET
CHICAGO, Feb 5 (Reuters) - Wireless chip maker RF Micro Devices Inc. (NasdaqNM:RFMD - News) on Thursday said it expects its sales this year will exceed the growth rate of the overall wireless telephone market.
"We expect our sales in the handset market in 2004 will increase in excess of the rate of growth of the overall handset market," RF Micro Chief Financial Officer Dean Priddy said in a statement. "In doing so, we will continue to increase our dollar content per handset manufactured. Our dollar content per handset manufactured has increased by approximately 40 percent since 2001."
biz.yahoo.com
RF Micro Devices Provides Strategic Update at Thomas Weisel Partners Tech 2004 Conference
Thursday February 5, 10:17 am ET
GREENSBORO, N.C.--(BUSINESS WIRE)--Feb. 5, 2004--RF Micro Devices, Inc. (Nasdaq: RFMD - News), a leading provider of proprietary radio frequency integrated circuits (RFICs) for wireless communications applications, presented yesterday at the Thomas Weisel Partners Tech 2004 Conference in San Francisco, Calif. During the conference, Dean Priddy, chief financial officer, and Doug DeLieto, director of investor relations, provided a strategic update, which included the following comments.
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"We expect our sales in the handset market in 2004 will increase in excess of the rate of growth of the overall handset market," Priddy commented. "In doing so, we will continue to increase our dollar content per handset manufactured. Our dollar content per handset manufactured has increased by approximately 40 percent since 2001. That will continue as we bring more functionality into power amplifiers and take share in cellular transceivers, which is a market that is ready for consolidation." Dollar content per handset manufactured is calculated by dividing RFMD's annual handset sales by the total number of handsets manufactured each year.
Priddy further commented on the Company's power amplifier (PA) market share: "We're in one out of every two phones manufactured, and we intend to gain market share in current- and next-generation PAs this calendar year. We are absolutely the leader in next-generation air interface standards, and there is no company with higher market share in GPRS, EDGE or WCDMA than RF Micro Devices."
On the topic of the Company's recently released Lead Frame Module(TM) PAs, Priddy said, "These are revolutionary new products and there is absolutely no other company in our industry that offers this advanced packaging technology. We are aggressively ramping shipments of our PowerStar® RF3146 Lead Frame Module PA and, with the introduction this quarter of our 3x3mm CDMA Lead Frame Module PA, we anticipate share gains in that market as well."
Finally, with regard to the Company's POLARIS(TM) TOTAL RADIO(TM) transceiver products, Priddy stated, "We fully expect to take share in the market for EDGE transceivers, based both on our product's superior performance and its ability to reduce our customers' bill of materials. Additionally, once POLARIS 2 is in full production, we fully intend to backfill our GSM/GPRS POLARIS 1 transceivers into those accounts. We believe our breakthrough technology, customer relationships and leading market share in GSM- and GSM-derivative air interface standards will enable RFMD to take share and consolidate the transceiver market."
Beyond cellular, the Company indicated that its addressable market for WLAN components has expanded to include cellular handsets. The Company is currently designing WLAN components for handsets based on the specific requirements of leading handset manufacturers.
A replay of the RFMD presentation is available via the RFMD® Investor Relations web page at the following URL: ir.ccbn.com .
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 goal is to be the premier supplier of low-cost, high-performance integrated circuits and solutions for applications that enable wireless connectivity. RF Micro Devices, Inc., is traded on the Nasdaq National Market under the symbol RFMD. For more information about RFMD, please visit 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.
RF MICRO DEVICES®, RFMD®, PowerStar®, Lead Frame Module(TM) and POLARIS(TM) TOTAL RADIO(TM) are trademarks of RFMD, LLC.
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Contact:
RF Micro Devices, Inc.
Douglas DeLieto, 336-664-1233
Thanks for the heads up! Looks like a sustainable turn higher technically for now:
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