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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