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Politics : Formerly About Applied Materials -- Ignore unavailable to you. Want to Upgrade?

To: Gottfried who wrote (38626)	10/24/2000 1:41:27 PM
From: Kirk ©	Read Replies (3) \| Respond to of 70976

so, they yelled "Fire" in a crowded theater and now apologize and say "we should have said warm popcorn, don't burn your fingers'".

To: Gottfried who wrote (38626)	10/24/2000 3:51:05 PM
From: Proud_Infidel	Read Replies (1) \| Respond to of 70976

RF Micro says product delays and lackluster cell-phone market will impact 3Q and 4Q Semiconductor Business News (10/24/00, 01:08:33 PM EDT) GREENSBORO, N.C. -- High-flying RF Micro Devices Inc. (RFMD) here today stunned the market by announcing that product delays and other problems have impacted its bottom line in at least two quarters. RFMD--a Greensboro, N.C.-based supplier of radio-frequency (RF) chips for the wireless market--indicated that it experienced lower-than-expected order activity in the handset market for the third quarter ended Sept. 30, which will negatively impact revenues in the fourth period. Once one of the fastest growing companies in the semiconductor business, RFMD blamed the problems on undisclosed product delays, lackluster chip demand, and an overly optimistic forecast in the handset market. As a result, it expects revenues for the fourth quarter to be down by about 20% sequentially, which would result in diluted earnings per share in the range of approximately $0.04 to $0.05. Analysts had projected earnings of $0.07 a share during this period. "Obviously, we are disappointed by order activity in the September quarter and our preliminary outlook for the December quarter," said David Norbury, president and chief executive of RFMD. "We believe, however, that this is a short-term market correction issue for the company because of the significant production programs we expect to begin ramping in the March and June quarters," he said. "Based on our analysis of industry data, we currently expect the handset market will grow between 35% and 40% in calendar 2001, and with proper execution our growth should exceed overall growth in the handset market," he added. For its third quarter, the company reported sales of $102.2 million, an increase of 48.3% over $68.9 million in the like period a year ago. Net income for the quarter was $17.7 million, or $0.10 per diluted share, compared to $12.5 million, or $0.07 per diluted share, in the year ago period. Analysts had projected earnings of $0.10 a share for the third quarter.