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Technology Stocks : RF Micro Devices (RFMD)

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From: John Hayman	11/17/2006 11:33:41 AM
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What's the problem with this stock? John long RFMD RF Micro Devices reaffirms third-quarter outlook SAN FRANCISCO (MarketWatch) -- RF Micro Devices Inc. (RFMD : RFMD7.46, -0.14, -1.8%) on Friday reaffirmed its forecast for its fiscal third quarter ending Dec. 31. The Greensboro, N.C.-based maker of radio frequency components and systems still expects earnings of 10 cents to 12 cents a share, or 12 cents to 14 cents a share excluding certain items, on revenue of $264 million to $280 million. The company also said its expects new product cycles in each of its three business units to contribute to revenue and earnings growth in calendar year 2007. RF Micro Devices shares fell 8 cents to $7.52 in Friday morning trade.

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