Seeking Alpha
Seeking Alpha Portfolio App for iPad
Finance
(1)
Market Currents

Unlike some rivals, RF Micro Devices' (RFMD -18%) core power amplifier business isn't exposed to...

  • Wednesday, July 25, 2012, 10:52 AM ET
    Unlike some rivals, RF Micro Devices' (RFMD -18%) core power amplifier business isn't exposed to Apple. But it is exposed to Nokia, RIM, and HTC, and as the guidance accompanying its Q2 report demonstrates, and that's worse. Blaming macro issues and delayed smartphone launches (BlackBerry 10?), RF Micro expects Q3 revenue to be flat to down 5% Q/Q, and EPS to come in at $0.00-$0.01. That's easily below a consensus for a 10% gain and $0.04. Northland, UBS, and Craig-Hallum are downgrading.  (transcript)
Track new comments on this story

This news story has 1 comment:

  •  
    RF Micro is exposed to Apple. They sell an antennae switch into the iPhone. And spending now for test equipment suggests more content on the iPhone 5. They also sell Power Amplifiers to Samsung and are well represented in the Galaxy S3 with LTE content.
    26 Jul 2012, 10:18 AM Reply Like
LATEST|
TODAY SO FAR|
YESTERDAY
Other date
DJIA (DIA) S&P 500 (SPY)

TECH ETFs IN FOCUS

Latest Tech Articles
More Latest Articles »