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To: John F. Dowd who wrote (93477)12/7/1999 3:13:00 PM
From: JDN  Respond to of 186894
 
Dear John: Is this why? JDN


Greensboro, North Carolina, Dec. 2 (Bloomberg) -- The shares in RF Micro Devices Inc., a maker of microprocessors for cell phones, fell 10 percent after an analyst cut his fiscal third- quarter earnings estimate because of delays in Korean orders.

RF Micro shares fell 6 3/4 to 62 9/16 in Nasdaq Stock Market trading of 13.7 million, more than six times the three-month daily average.

Charles Glavin, an analyst with Credit Suisse First Boston in San Francisco, said in a report that he now expects the company to earn 16 cents a share in the quarter instead of the 17 cents he'd previously expected. He said in an interview that Korean orders for RF Micro's chips were placed too late this month to help boost sales in the third-quarter ended Dec. 31.

RF Micro is expected to have profit of 15 cents a share in the fourth quarter, the average estimate of analysts polled by First Call Corp.

Officials at Greensboro, North Carolina-based RF Micro were attending Credit Suisse's Technology Conference in Phoenix and weren't immediately available to comment. Executives spoke at the conference today.

Chips for cell phones are the fastest-growing segment of the semiconductor business. RF Micro shares fell 7.3 percent on Oct. 20 because of concern the company's growth may be slowing.