RF Micro Devices (RFMD -18.6%) is making new 52-week lows following yesterday's FQ3 warning (I,...

|By:, SA News Editor

RF Micro Devices (RFMD -18.6%) is making new 52-week lows following yesterday's FQ3 warning (I, II), and (owing to RF Micro blaming the shortfall on 2G Chinese orders) has triggered a crash in Spreadtrum (SPRD -15.9%) along the way. Oppenheimer and D.A. Davidson are downgrading RF Micro in response, with the latter arguing the company's weak margin guidance indicates growing 2G competition and price pressure.