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

To: Cisco who wrote (4192)	1/7/2003 9:35:21 AM
From: mahler_one	Read Replies (1) \| Respond to of 4849

Hi Cisco: RFMD currently speaking at the Needham conference. See below....what in heaven's name is going on with Credit Suisse? They wouldn't have tried to shake out a few shares would they? Naww...companies never do that dishonest thing, especially when they can always use the, "well, in our opinion" approach...one of the analysts is going to be very wrong. One of my learned friends posits that Credit Suisse will cover their "tales" ( sic ) by saying that they only believe that the orders are front loaded, and that the growth cannot continue at the same pace. Wonder who will be correct. We Believe There Is Upside To Our Estimates On RF Micro Devices - CE Unterberg Comments [RFMD] Following a company visit in late December and subsequent channel checks, CE Unterberg believes that the business at RF Micro Devices, Inc. (RFMD) is progressing better than its expectations. Further, the brokerage believes there is upside to its and street consensus estimates for both December and March quarters. Encouraged, CE Unterberg raised its short-term rating on RFMD shares to Buy from Market perform and set a price target of $11. Analyst Kalpesh Kapadia noted that RFMD gradually reduced its reliance on its largest customer Nokia while growing its Nokia market share. The analyst said such market share gains and customer diversification provides near term upside. Accordingly, CE Unterberg raised its December quarter EPS estimate to $0.07 on revenues of $140 Million from $0.05 on $132 Million. The brokerage's March quarter estimate goes to $0.03 on revenues of $128 Million from $0.03 on $120 Million. As a result, fiscal 2003 estimate goes to $0.15 on revenues of $491.6 Million from $0.13 on $475.6 Million.