Financial Releases
RF Micro Devices, Inc. to Ring the NASDAQ Closing Bell
NEW YORK--(BUSINESS WIRE)--Nov. 17, 2006--RF Micro Devices, Inc. (NASDAQ: RFMD), a global leader in the design and manufacture of high-performance radio systems and solutions for applications, which drive mobile communications, today announced that Bob Bruggeworth, RFMD President and CEO, will ring The NASDAQ Stock Market Closing Bell, November 17 at 4pm (ET). RFMD is celebrating the shipment of its 50 millionth POLARIS RF solution.
RFMD's POLARIS RF solutions provide handset manufacturers a robust, market-proven approach for cellular radios that delivers high levels of integration, reduces time to market and simplifies supply chain management. POLARIS RF solutions feature a large-signal, open-loop polar modulator architecture and RFMD's PowerStar® power amplifier, which combine to provide outstanding performance and industry-leading power consumption. In the September quarter, POLARIS solution sales represented 30% of total RFMD revenue, and POLARIS revenue is expected to grow, based on current design activity, as new customers and new platforms are added.
"The NASDAQ Stock Market is home to companies that serve as leaders across all areas of business and RFMD is pleased to be a part of this prestigious group," said Bob Bruggeworth, RFMD President and CEO. "Ringing the closing bell today is a symbolic honor that has been earned by every member of our very talented team."
RFMD began trading on NASDAQ in 1997. In 2006, RFMD was named to The NASDAQ Global Select Market, the premier listing tier within The NASDAQ Stock Market® for companies that satisfy the highest financial and liquidity qualifications.
About the NASDAQ Closing Bell
The NASDAQ Stock Market rings the closing bell at 4 p.m. and the ceremony will be available for viewing through NASDAQ's web cam: http://www.nasdaq.com/reference/marketsite_about.stm to watch the ceremony, beginning at 3:50 p.m. Viewers can scroll to the bottom of the page to access the MarketSite Live Web cam link. Windows Media Player is necessary to view the web cam. Local television stations may pick up the feed of the ceremony. The closing bell is available from 3:50 to 4:05 p.m. on uplink IA-6 C-band/transponder 17. The downlink frequency is 4040 Vertical; Audio 6.2-6.8. The feed can also be found on Waterfront fiber 1623.
About RFMD
RF Micro Devices, Inc. (NASDAQ: RFMD) is a global leader in the design and manufacture of high-performance radio systems and solutions for applications that drive mobile communications. RFMD's power amplifiers, transmit modules, cellular transceivers and system-on-chip (SOC) solutions enable worldwide mobility, provide enhanced connectivity and support advanced functionality in current- and next-generation mobile handsets, cellular base stations, wireless local area networks (WLANs), wireless personal area networks (WPANs) and global positioning systems (GPS). Recognized for its diverse portfolio of state-of-the-art semiconductor technologies and vast RF systems expertise, RFMD is a preferred supplier enabling the world's leading mobile device manufacturers to deliver advanced wireless capabilities that satisfy current and future market demands.
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 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.
CONTACT: RF Micro Devices, Inc., Greensboro
Dean Priddy, 336-678-7577
or
Douglas Delieto, 336-678-7968
SOURCE: RF Micro Devices, Inc.