RF Micro Devices Announces Additional Shipments to Top-Tier Handset Manufacturer
High-Volume Handset Contains Five RFMD Components
Wednesday August 14, 8:33 am Eastern Time
Press Release
SOURCE: RF Micro Devices, Inc.
GREENSBORO, N.C.--(BUSINESS WIRE)--Aug. 14, 2002--RF Micro Devices, Inc. (Nasdaq: RFMD - News), a leading provider of proprietary radio frequency integrated circuits (RFICs) for wireless communications applications, today announced production shipments of five components to a top-tier handset manufacturer for use in a high-volume TDMA (800/1900 MHz) handset.
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Combined production shipments of the five components - two power amplifiers, two driver amplifiers and a dual-band upconverter - have surpassed a multi-million dollar level and continue to increase.
Bob Bruggeworth, president of RF Micro Devices, said, "These production shipments expand our long-standing relationship with this customer, which we anticipate will grow in the September quarter. In addition to TDMA, we are shipping into CDMA 1x handsets at this customer, and we expect to announce additional shipments into future handsets."
The shipments complement ongoing sales of power amplifiers and small signal devices to this customer across multiple air interface standards. This customer grew to represent more than 10% of revenues in the June 2002 quarter, driven by growth of component shipments for use in major handset platforms.
The TDMA handset features voice activated dialing, two-way SMS messaging, Internet access, and an available FM stereo headset accessory. It is currently available in North America through Cingular Wireless and is also available in Latin America and South America through various wireless service providers.
RF Micro Devices, Inc., an ISO 9001-certified manufacturer, designs, develops, manufactures and markets proprietary radio frequency integrated circuits (RFICs) primarily for wireless communications products and applications such as cellular and PCS phones, base stations, wireless LANs, and cable television modems. The Company offers a broad array of products - including amplifiers, mixers, modulators/demodulators, and single-chip receivers, transmitters and transceivers - representing a substantial majority of the RFICs required in wireless subscriber equipment. The Company's strategy is to focus on wireless markets by offering a broad range of standard and custom-designed RFICs in order to position itself as a "one-stop" solution for its customers' RFIC needs. RF Micro Devices, Inc. is traded on the Nasdaq National Market under the symbol RFMD. For more information about RFMD, please visit our web site at www.rfmd.com.
This press release contains forward-looking statements that relate to RF Micro Devices' plans, objectives, estimates and goals. Words such as "expects," "anticipates," "intends," "plans," "projects," "believes," and "estimates," and variations of these words and similar expressions, identify these forward-looking statements. RF Micro Devices' business is subject to numerous risks and uncertainties, including variability in quarterly operating results, the rate of growth and development of wireless markets, risks associated with the operation of wafer fabrication facilities, its ability to manage rapid growth and to attract and retain skilled personnel, variability in production yields, raw material availability, manufacturing capacity constraints, dependence on a limited number of customers and dependence on third parties. These and other risks and uncertainties, which are described in more detail in RF Micro Devices' most recent Annual Report on Form 10-K filed with the Securities and Exchange Commission, could cause actual results and developments to be materially different from those expressed or implied by any of these forward-looking statements.
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