Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Technology Stocks : RF Micro Devices (RFMD) -- Ignore unavailable to you. Want to Upgrade?

To: BAXTERBOO who wrote (1859)	12/31/1999 3:55:00 PM
From: Walcalla	Read Replies (1) \| Respond to of 4849

Dec 31 1999 6:01AM ET More on Stock Lab... RF Micro Cashes In on Wireless by Frances Hong Technology Reporter "Very rarely do you see a company that is in the right market with the leading technology." -- Credit Suisse First Boston analyst Charlie Glavin Take a look at your cell phone, interactive toy, wireless security system or cable modem and chances are you'll find a chip component made by RF Micro Devices {RFMD}. RF Micro Devices is one of CNBC.com's Top Stocks of 1999 With wireless technology growing at a rapid clip, this Greensboro, N.C.-based maker of mixers, modems, transceivers and amplifiers will reap benefits sure to keep investors smiling. RF Micro Devices So far, the stock has been a winner for investors. The company's stock was up nearly 471 percent for the year, as of Dec. 29. And it gained inclusion in the prestigious Nasdaq 100-stock Index in December. RF Micro Devices One-Year Performance Chart The company picked up momentum in November after it announced an expanded relationship with TRW, one of its biggest shareholders. Subsequently, news that TRW had reduced its ownership stake in RF Micro below 20 percent put a damper on RF Micro's stock in mid-December. In addition to its relationship with TRW, RF Micro is also dependent on Nokia {NOK}, the world's top mobile phone maker. RFMD Analyst Opinions Strong Buy 5 Buy 5 Hold 0 Sell 0 Strong Sell 0 Full Analyst Report Source: Zacks According to Credit Suisse First Boston analyst Charlie Glavin, Nokia is its largest customer, accounting for roughly 50 percent of sales. RF Micro Devices continues to ramp up business, however, with Motorola {MOT}, Ericsson {ERICY} and Mattel {MAT}. So far, RF Micro is highly regarded by Wall Street analysts. In a poll of analysts by Zacks Investment Research, all ratings are in the "strong buy" or "buy" list. One key technology that sets RF Micro apart from its competition is its amplifier, which allows longer talk time and battery life in cellular phones. But the non-handset business will become more substantial over time as demand grows for cable modems and wireless local loops. RF Micro Devices Added to Nasdaq-100 Index "Very rarely do you see a company that is in the right market with the leading technology," says Credit Suisse First Boston analyst Charlie Glavin. Clearly all things wireless will be the company's biggest growth driver. Intel Corp's {INTC} move to acquire mobile phone chip maker DSP Communications earlier this year, sent a clear signal to the industry that wireless is coming of age. A sure sign that the RF Micro Devices story is far from over.