RF Micro (RFMD) +3.9% thanks to an upgrade to Strong Buy from Charter Equity. Shares fell on...


RF Micro (RFMD) +3.9% thanks to an upgrade to Strong Buy from Charter Equity. Shares fell on Friday following reports of Samsung (SSNLF.PK) Galaxy S4 build order cuts. Davidson defended RF Micro and rivals Skyworks (SWKS) and Avago (AVGO), claiming checks indicate S4 demand "has been as expected with the exception of possible slowing orders in Europe," and that any demand shortfall could be shifted to other phones.
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Comments (2)
  • Esekla
    , contributor
    Comments (4451) | Send Message
     
    I agree, part of RFMD's strength is that they are not a 1 pony show, unlike some of the suppliers often mentioned for Apple or Samsung. RFMD supplies both, as well as economy 2 & 3G handset makers, Nokia Windows phones and many others. Broadband and wifi producers are also amongst their customers, plus military applications. Furthermore, Samsung and Apple are relatively NEW design wins for RFMD, with increasing component share.
    10 Jun 2013, 09:43 AM Reply Like
  • Jack Baker
    , contributor
    Comments (1284) | Send Message
     
    Hmmm, a sell-off based on facts and a rally based on an opinion. We may be at the point where Samsung cannot keep the facade going much longer. Things are not nearly as rosy at Samsung as they would have you believe.
    10 Jun 2013, 09:54 AM Reply Like
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