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

To: chojiro who wrote (4113)	4/30/2002 4:50:36 AM
From: chojiro	Respond to of 4849

This stock is beginning to break down severely. Time for the PPT to jump into the markets? FWIW, I think the only reason RFMD is still holding in the mid teens(above 10$ for that matter) is that they gave an upbeat forecast for the next quarter. However, in light of of all the negative news surfacing around wireless, I find it increasingly difficult to believe RF Micro can stick to those numbers they guided the street to from the last quarterly report. If they have to come out in mid quarter and reduce numbers, it will take the stock to my sub $10 target. At that price, I doubt I would even consider aa long term position here. Not that I think the company or mgmnt are poor, I do not. I just believe we are experiencing a severe down turn in the global economy and it could take years(literally) before things pick up(consistently) enough to support half ther growth these companies saw in the late 90s