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

To: chojiro who wrote (4080)	2/19/2002 2:14:07 PM
From: tuck	Read Replies (2) \| Respond to of 4849

Howdy, Chojiro, RFMD hit its numbers, and seems to be executing on its plan to diversify . . . >>GREENSBORO, N.C.--(BUSINESS WIRE)--Feb. 15, 2002--RF Micro Devices, Inc. (Nasdaq: RFMD - news), a leading provider of proprietary radio frequency integrated circuits (RFICs) for wireless communications applications, today announced it has begun shipping GaAs HBT power amplifiers to Palm, Inc. (Nasdaq: PALM - news) for use in the newly introduced Palm(TM) i705 handheld. The Palm i705 features always-on, secure e-mail access and web browsing via Google search or URL entry. It also delivers classic Palm Personal Information Management (PIM) features, such as date and address book, all combined in a sleek, compact design measuring 4.65 x 3.06 x 0.61 inches and weighing just 5.9 ounces. Dave Norbury, president and CEO of RF Micro Devices, said, ``We are extremely pleased to provide our power amplifiers to Palm, the largest maker of handhelds, for use in the Palm i705. This new design win is strategically significant to RF Micro Devices as it further diversifies our customer base, increases our power amplifier market share and extends our reach into the handheld market.'' Greg Thompson, director of sales for RF Micro Devices, said, ``Handheld devices represent a significant opportunity for the Company. We hope to strengthen our relationship with Palm and look forward to the prospect of additional business in future handheld devices.'' The RFMD® power amplifier is a GaAs HBT microwave monolithic integrated circuit (MMIC) that provides high efficiency in a small, thermally enhanced, cost-effective package.<< snip Most insiders have held of late (there seems to be a recent option related sale of small size). The glaring exception is TRW, which still represents a large overhang in the neighborhood of 9 million shares. I would guess that, and the macro issue of risk to the forecasts of handset sales (will the consumers be willing to switch to new, fancier phones during this global gloom; how about those 3G delays, etc.) are what is weighing on RFMD. Could also be the recent downward revision in earnings for the next quarter to 1 penny from 2. If RFMD hits your valuation target of $10 by April, I will buy back the May 17.5s I wrote against half my position. Cheers, Tuck