Financial Releases
RFMD(R) Ships 100 Millionth Polaris(TM) RF Solution
NEW YORK, Nov. 15 /PRNewswire-FirstCall/ -- RF Micro Devices, (Nasdaq: RFMD), a global leader in the design and manufacture of high- performance radio frequency systems and solutions, announced at its analyst day today that it has shipped its 100 millionth POLARIS TOTAL RADIO RF solution. RFMD is a leading supplier of cellular RF solutions, and the 100 millionth POLARIS RF solution was shipped to a leading handset manufacturer.
Bob Bruggeworth, president and CEO of RFMD, said, "The milestone of our 100 millionth POLARIS RF solution comes approximately three years after we began shipments of our first cellular RF solution, POLARIS 1. This achievement is especially gratifying as it occurs concurrently with the production ramp of our newest RF solution, POLARIS 3, which we forecast will extend multiple years and support meaningful revenue and earnings growth for RFMD. In fact, based on current customer forecasts for our POLARIS 2 and POLARIS 3 RF solutions, we expect the next 100 million POLARIS shipments will happen significantly faster than the first 100 million."
RFMD is number one in RF. RFMD's POLARIS RF solutions include the power amplifier, switch, filter, DC-to-DC converter, transceiver and other functions critical to the performance of the cellular handset. POLARIS 3 delivers the industry's highest levels of RF functionality, and production volumes of POLARIS 3 are expected to increase sequentially throughout calendar year 2008. With the ramp of POLARIS 3, RFMD is increasing its dollar content in cellular RF. RFMD's POLARIS RF solutions command approximately three times the dollar content of EDGE cellular front ends.
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®, RFMD® and POLARIS TOTAL RADIO are trademarks of RFMD, LLC. All other trade names, trademarks and registered trademarks are the property of their respective owners.
SOURCE RF Micro Devices
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