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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)
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  • 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
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