Financial Releases
RFMD Advances Two Positions In Leading Research Firm's Ranking Of Worldwide Subscriber RF And Baseband Semiconductor Application-Specific Device Suppliers
According to the August 2006 report, entitled, "Market Share: Application-Specific Semiconductors for Mobile and Cordless Phones, Worldwide, 2005," Gartner also concluded that RFMD held the number-one worldwide position in power amplifier (PA) modules, with a market share that is more than twice its next largest competitor, as well as the number-two worldwide position in RF application-specific devices worldwide.
Eric Creviston, RFMD Corporate Vice President of the Cellular Products Group, said, "We believe Gartner's independent, third-party research findings validate our ongoing market share gains and continued growth in excess of the rate of growth of our end markets. RFMD is extending its leadership position in wireless semiconductors by leveraging our unparalleled relationships with the world's top-tier mobile device manufacturers. We continue to gain market share in GSM/EDGE cellular transceivers, and we anticipate sequential revenue growth in transceivers in the current quarter, as well as year-over-year revenue growth in transceivers in calendar 2007, versus 2006. We have quickly become the world's leading supplier of transmit modules, and we expect transmit modules will continue to represent a growing percentage of our industry-leading PA product portfolio. Finally, RFMD is the world's leading supplier of wireless local area network (WLAN) power amplifiers for handsets, and we expect this high-growth segment of the wireless market will contribute increasingly to revenue as WLAN adoption in handsets grows more than six-fold by 2010."
About RFMD
RFMD (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.
Jerry Neal or Doug DeLieto, 336-664-1233
SOURCE: RF Micro Devices, Inc.