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

To: tuck who wrote (4146)	9/25/2002 1:36:04 AM
From: Neil H	Respond to of 4849

Reuters Business Report RF Micro Raises Revenue, Earnings Outlook Tuesday September 24, 6:12 pm ET GREENSBORO, N.C. (Reuters) - RF Micro Devices Inc. (NasdaqNM:RFMD - News), a communications chipmaker, on Tuesday raised its quarterly expectations for earnings and revenue, citing a diversified customer and product base, and said visibility continues to improve for the next quarter. ADVERTISEMENT The company said it now expects earnings of about 3 cents a share for its second quarter ending Sept. 30, compared with previous expectations of a penny to 2 cents. It expects revenue of about $118 million compared with its previous guidance of $109 million to $114 million. Analysts on average expect the company to post earnings of 2 cents a share for the fiscal quarter, according to Thomson First Call. The company posted earnings of a penny a share on revenue of $98.3 million a year ago. RF Micro also said it expects revenue in the December quarter to increase sequentially from the September quarter. "We smelled this coming," said Edward Snyder, wireless equipment analyst with J.P. Morgan. "With intrinsic strength in handsets combined with their market share gains they looked like they were going to do better than expected." Snyder said it helped that Nokia (NOK1V.HE) (NYSE:NOK - News), its biggest customer, has said repeatedly that it sees strength in the cell phone replacement market. No. 2 Motorola Inc. (NYSE:MOT - News), another customer, is also believed to be doing well, he said. Shares of RF Micro jumped earlier this month after Nokia, the world's largest mobile phone maker unveiled several new wireless telephone models. The stock closed up 64 cents, or 11.8 percent at $6.08, on Nasdaq on Tuesday.

To: tuck who wrote (4146)	9/25/2002 12:32:32 PM
From: chojiro	Respond to of 4849

HI tuck, I went a little long here this morning. I still think it's overvalued, but S/T the market might be overbought Hopefully we're running out of sellers for the time being. Good luck

To: tuck who wrote (4146)	9/28/2002 11:52:26 PM
From: chojiro	Read Replies (1) \| Respond to of 4849

tuck I'm getting out of this long position most likely first thing Monday morning. I don't know what the heck I'm doing with a long position in tech(even for a trade.) Remarkable I'm still up 20 cents after holding long for a few days. But wouldn't be surprised to see that turn red before I get a chance to bail! I got out of my PM miners about three weeks ago. I'm going to start rebuilding those positions early next week. I wish you and all the other longs the best of luck. Take care.