Dave S. Goodboy's  Instablog

With the technical picture reviewed, let's take a closer look at the company.  Founded in 1991, RF Micro Devices designs and manufactures radio frequency components and compound semiconductors in the United States and internationally. The company provides integrated circuits, including gain blocks, LNAs, PAs, receivers, transmitters, transceivers, modulators, demodulators, attenuators, switches, frequency synthesizers and voltage-controlled oscillators. It also offers multi-chip modules comprising PA modules, switch-filter modules, active antenna products, VCOs, phase-locked loops, coaxial resonator oscillators, active mixers, variable gain amplifiers, hybrid amplifiers, power doublers and optical receivers. 

The stock price has been knocked down due to several upsetting remarks from the company's head of its multi product group, Robert Van Buskirk.  Buskirk warned that the companies revenue may be at the low end of the estimates due to Nokia (NYSE: NOK) transitioning to Microsoft's (Nasdaq: MSFT) Window's Phone 7. In addition, Buskirk is nervous about a slowdown in China affecting the company.  He points at Taiwan's Meditek, who partners with RF Micro Devices, and whose revenue fell 40%, as a possible precursor to things to come.  However, an analyst at D. A. Davidson just reiterated a buy rating with a $10 per share target.  The analyst believes that the market has overly punished the stock and it’s ready for a rebound. 

Combining the analyst's view with the technical picture creates a strong bullish case for RF Micro Devices.