Seeking Alpha

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

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)

Check out Seeking Alpha’s new Earnings Center »

From other sites
Comments (1)
  • cram2012
    , contributor
    Comments (30) | Send Message
     
    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
DJIA (DIA) S&P 500 (SPY)
ETF Hub
ETF Screener: Search and filter by asset class, strategy, theme, performance, yield, and much more
ETF Performance: View ETF performance across key asset classes and investing themes
ETF Investing Guide: Learn how to build and manage a well-diversified, low cost ETF portfolio
ETF Selector: An explanation of how to select and use ETFs