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Technology Stocks : RF Micro Devices (RFMD)

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To: Teddy who wrote (4835)	7/26/2006 8:05:43 PM
From: Teddy	of 4849

Who can complain about these results (oh, the "Next Quarter will be bad" folks) RF Micro Devices reported net income of $13.9 million in the first quarter of its 2007 fiscal year, after having lost $1.6 million in the previous quarter and $2.7 million in the same quarter the year before. The Greensboro-based chip maker also posted record revenue of $238.3 million, up about 50 percent from the year before, according to the company. It was the fifth consecutive quarter of revenue growth for RF Micro (NASDAQ: RFMD - News), and the company said it expected revenue growth of between 1 percent and 5 percent in the current quarter. CEO Bob Bruggeworth said the bulk of the growth came from the company's largest established customers and was spread across all three business units: cellular, wireless connectivity and infrastructure.

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