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


To: tuck who wrote (4049)1/4/2002 1:44:24 PM
From: Don Green  Respond to of 4849
 
Fm: Briefing.com

11:14 ET RF Micro Device (RFMD) 21.28 -1.50 (-6.6%): Stock comes under pressure in reaction to rumor circulating that co might miss its quarter. However, we are hearing these concerns are possibly tied to a slightly cautious research report issued yesterday by Banc of America Sec. The comment, which was not widely disseminated, discusses RFMD's valuation and the likelihood that RFMD will not deliver much upside to quarterly estimates, but does not imply that co will miss its qtr. The analyst who made the call is said to reiterating these opinions this morning, telling investors that yesterday's comments were taken out of context. Maintains a positive long-term view on the name.