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

To: mahler_one who wrote (4202)	1/7/2003 7:23:16 PM
From: Ron	Respond to of 4849

RF Micro Sees March Quarter Stronger Than Expected URL: investor.cnet.com By Ben Klayman CHICAGO (Reuters) - RF Micro Devices Inc., which makes semiconductors for wireless devices, said on Tuesday it expects results in its March quarter to exceed Wall Street expectations because of increased market share and industry growth. Still, shares of the Greensboro, North Carolina-based company fell more than 4 percent. Analysts said the decline may be due to Credit Suisse First Boston's Monday downgrade of the wireless chip sector on fears of "unsustainable over-ordering" by customers. "Given today's backlogs, the March quarter is set to be slightly higher than current consensus numbers," RF Micro Chief Financial Officer Dean Priddy told a Needham & Co. conference in New York. "Either we're taking huge chunks of market share or the market is growing or both," Priddy said. "We think it's both." Analysts on average were expecting RF Micro to earn 3 cents a share before one-time items on sales of $124.54 million in the fourth quarter ending in March, according to data tracking firm Multex. U.S. Bancorp Piper Jaffray analyst Samuel May said RF Micro's outlook did not surprise him. "(Priddy) is clearly saying he has good visibility," said May, who rates the stock at "outperform." May does not own RF Micro stock, and U.S. Bancorp does not do banking work for the company. PICKING UP BUSINESS In a Monday research note, C.E. Unterberg, Towbin analyst Kalpesh Kapadia raised his sales and earnings estimates for the December and March quarters. RF Micro has been picking up business with its largest customer, Finland's Nokia, which accounts for about half its sales, he said. Kapadia also said RF Micro was diversifying by increasing its sales to another large customer, Motorola Inc., as well as to others such as South Korea's Samsung Electronics Co. Ltd.. He raised his rating on RF Micro to "buy" from "market perform" and set an $11 share-price target. The company's stock was down 37 cents at $8.20 in late morning Nasdaq trade. Kapadia does not own RF Micro stock. Nor does C.E. Unterberg, Towbin does not have banking business with the chipmaker. Priddy also said there would be no negative surprises for the third quarter, which ended in December. RF Micro previously said results were tracking to the high end of its outlook for earnings of 4 cents to 5 cents a share before one-time items on sales of $128 million to $132 million. Analysts expect a profit of 5 cents a share on sales of $131.2 million, Multex said. RF Micro plans to report its third-quarter results on Jan. 21.

To: mahler_one who wrote (4202)	1/7/2003 10:02:39 PM
From: Cisco	Read Replies (2) \| Respond to of 4849

You might want to follow my discussion on this thread today starting here: Message 18413296 Note the chart put up by JXM: Message 18413890 When you see Stochastic turning down above 80 it is a sell signal. When you see Stochastic turning up under 20 it is a buy signal. Note the Head and Shoulders pattern as noted on the chart. If it turns out to be a true Head and Shoulders pattern you can expect to see the stock go down to a lower support area. Also look on the following chart. Note that this is only the second time in the last year we have had a down day with 30 million volume. Note what follows. stockcharts.com[w,a]daclyiay[dd][p][vc60]&pref=G Technical Analysis is no more than a measurement of mass psychology. Today we saw panic selling despite good news. I choose to dump the stock this afternoon rather than risk my profits. Some believe that there appears to be significant support around $8.00. I am not sure if it will hold. I am a short term trader. I will watch tomorrow and decide wether to re-enter long, sit on the side, or short the stock. I love RFMD for short term trading. With 10000 shares, every 10 cent move is worth $1000. For example, today the stock price range was 85 cents. So even if one made a bad entry you can still often get out with a profit. This is one stock I don't recommend holding long term because it has a long history of cycling back and forth. I can predict that this stock will hit $12 sometime this year and most likely will be right. I can also predict that this stock will be go down to $5.50 this year and also most likely be right. The key to being profitable with this stock is knowing when to buy it and when to sell it. That is what I use TA for. I would recommend that a first book for those who want to learn TA be: Trading for a Living by Dr. Alexander Elder.