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To: keithcray who wrote (653)6/12/2001 10:35:23 AM
From: 2MAR$  Read Replies (1) | Respond to of 26752
 
RF Micro Dn-3: Co Has Said 100% Booked For 1Q Rev Goals

RF Micro Devices officials were presenting at CIBC World Markets'
"Communications Food Chain" conference in New York Tuesday morning. As
reported, company President and Chief Executive Officer David Norbury said
Nokia's profit warning won't hurt the components supplier.
RF Micro Chief Financial Officer Dean Priddy also said he is comfortable
with a first-quarter estimate that the company will post a loss of 5 cents
to 6 cents. Wall Street had expected a loss of 5 cents a share in the fiscal
first quarter, according to 14 analysts surveyed by Thomson Financial/First
Call. Analysts expect a loss of 1 cent per share for the full year ending
March 2002.
RF Micro Devices said in its fourth-quarter press release in April that it
exited the March quarter 100% booked to reach its goal of growing revenue
about 20% sequentially in the June-ending second quarter.
RF Micro, Greensboro, N.C., supplies Nokia with GPRS and GSM power amplifier
module products, which power cell-phone signal transmissions. As reported,
Nokia on Tuesday said it expects year-on-year sales growth in the second
quarter to be below 10%, rather than the 20% forecast in April. It also
lowered its earnings estimate, to a range of EURO.15 per diluted share to
EURO.17 from a prior estimate of EURO.20. Year-ago earnings per share were
EURO.21 per share.
Company web site: rfmd.com
-By Mary Ellen Lloyd, Dow Jones Newswires; 704-371-4033;
maryellen.lloyd@dowjones.com

(END) DOW JONES NEWS 06-12-01
10:34 AM
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