OT: RF Micro June quarter sales likely to rise-CFO
Wednesday April 7, 2:20 pm ET
CHICAGO, April 7 (Reuters) - Sales in the current quarter will likely rise amid the strong cell-phone market, wireless chipmaker RF Micro Devices Inc. (NasdaqNM:RFMD - News) said on Wednesday, the day after its largest customer, Nokia, trimmed its financial forecast.
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Chief Financial Officer Dean Priddy reiterated that the Greensboro, North Carolina-based company expects sales in the current June quarter, its first of fiscal 2005, will likely rise from the previous quarter.
"We don't see any alarm signs that maybe some analysts are sounding," he told Reuters in a telephone interview. "In fact, we think the industry is very healthy. For us, that should translate ... into some revenue growth going into the June quarter."
Analysts were expecting RF Micro to report sales of $160.9 million in its fourth-quarter and $170.1 million in the first quarter, according to Reuters Research, a unit of Reuters Group Plc.
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