Financial Releases
RFMD(R) Extends Leadership In Wireless Front Ends With Introduction of New Enabling Technologies
The new technologies include hermetically sealed wafer level packaging (WLP), micro-electro-mechanical-systems (MEMS), integrated conformal shielding, gallium nitride (GaN), GaAs E/D pHEMT and GaAs BiFET. RFMD anticipates the new processes and enabling technologies will support the Company's forecasted growth in calendar year 2008 and extend the Company's reach into new cellular product categories, including cellular mode switches, filters, duplexers and other high performance RF components for cellular handsets.
The foundation for RFMD's new technology offerings is the Company's historical emphasis on Optimum Technology Matching® (OTM®), in which RFMD's designers select the optimum technology for each application according to considerations of cost and performance. RFMD's new technologies drive OTM one step further by leveraging a greatly expanded portfolio of enabling technologies optimized specifically for increased levels of functional integration in RF applications.
In addition to wireless opportunities, RFMD anticipates its new technologies will expand its growth prospects in markets targeted by its newly formed Multi-Market Products Group (MPG), including wireless infrastructure, wireless access, standard products, broadband/consumer and aerospace & defense.
RFMD is number one in RF. The leading independent research firm Gartner recently recognized RFMD as the number-one provider of digital subscriber RF devices and the number-one provider of cellular power amplifier and front end modules.
About RFMD: RF Micro Devices (NASDAQ GS: RFMD) is a global leader in the design and manufacture of high-performance radio frequency systems and solutions for applications that drive wireless and broadband communications. RFMD's cellular front ends, cellular transceivers, RF components and system- on-chip (SoC) solutions enable worldwide mobility, provide enhanced connectivity and support advanced functionality in the cellular handset, cellular base station, wireless local area network (WLAN), CATV networking, aerospace, defense, and global positioning systems (GPS) markets. Recognized for its diverse portfolio of state-of-the-art semiconductor technologies and vast RF systems expertise, RFMD is a preferred supplier to the world's leading mobile device and RF equipment manufacturers.
Headquartered in Greensboro, N.C., RFMD is an ISO 9001- and ISO 14001- certified manufacturer with worldwide engineering, design, sales and service facilities. RFMD is traded on the NASDAQ Global Select Market under the symbol RFMD. For more information, please visit RFMD's web site at www.rfmd.com.
This press release includes "forward-looking statements" within the meaning of the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. These forward-looking statements include, but are not limited to, statements about our plans, objectives, representations and contentions and are not historical facts and typically are identified by use of terms such as "may," "will," "should," "could," "expect," "plan," "anticipate," "believe," "estimate," "predict," "potential," "continue" and similar words, although some forward-looking statements are expressed differently. You should be aware that the forward-looking statements included herein represent management's current judgment and expectations, but our actual results, events and performance could differ materially from those expressed or implied by forward-looking statements. We do not intend to update any of these forward-looking statements or publicly announce the results of any revisions to these forward-looking statements, other than as is required under the federal securities laws. RF Micro Devices' business is subject to numerous risks and uncertainties, including variability in quarterly operating results, the rate of growth and development of wireless markets, risks associated with the operation of our wafer fabrication facilities, molecular beam epitaxy facility, assembly facility and test and tape and reel facilities, our ability to attract and retain skilled personnel and develop leaders, variability in production yields, our ability to reduce costs and improve gross margins by implementing innovative technologies, our ability to bring new products to market, our ability to adjust production capacity in a timely fashion in response to changes in demand for our products, dependence on a limited number of customers, and dependence on third parties. These and other risks and uncertainties, which are described in more detail in RF Micro Devices' most recent Annual Report on Form 10-K and other reports filed with the Securities and Exchange Commission, could cause actual results and developments to be materially different from those expressed or implied by any of these forward-looking statements.
RF MICRO DEVICES® and RFMD® are trademarks of RFMD, LLC. All other trade names, trademarks and registered trademarks are the property of their respective owners.
SOURCE RF Micro Devices
-0- 11/15/2007
/CONTACT: Dean Priddy, CFO, +1-336-678-7975, or Doug DeLieto, VP,
Investor Relations, +1-336-678-7968, or Jerry Neal, Executive Vice President,
+1-336-678-7001, all of RF Micro Devices/
/Web site: http://www.rfmd.com /
(RFMD)
CO: RF Micro Devices
ST: New York
IN: NET TLS EDA CPR
SU: PDT
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1573 11/15/2007 07:00 EST http://www.prnewswire.com