RF Micro Devices, Inc. (NASDAQ:RFMD) Looks Set For Solid 2014 With New Product Release


Dallas, Texas 12/27/2013 (FINANCIALSTRENDS) – RF Micro Devices, Inc. (NASDAQ:RFMD) in the second week of December had announced the release of new tracking amplifiers and antenna solutions for android phones. These new generation solutions released by this global supplier of smart phone components include, “envelope tracking (ET) power amplifiers, antenna switch module, diversity switches and antenna tuner” which will go into the making of a fifth generation Android phone being released by a South Korean smart phone manufacturer

Commenting about the launch of these new component sets, RF Micro Devices, Inc. (NASDAQ:RFMD) president Eric Creviston has been quoted as saying, “We are pleased to support the successful launch of this new marquee smartphone which incorporates our envelope tracking and antenna control technology. Our ET PAs and antenna tuning help maximize RF power efficiency and power transfer to the antenna, which translates to improved battery life and an enhanced user experience for this feature-packed new LTE smartphone as well as others coming to market.”

These new line of products and its continued build up in the order book has resulted in Doug DeLieto who is RF Micro Devices, Inc. (NASDAQ:RFMD) Vice President of Investor Relations RFMD indicating the bullishness with which they are looking at the next fiscal while delivering key note address at Raymond James 2013 Systems, Semiconductors, Software & Supply Chain Conference last week, by saying that, “We have delivered 6% revenue growth to a record $310.7 million, gross margin expanded 110 basis points to 36.2% and earnings per share were $0.12 for the just concluded quarter. The strong financial performance is highlighted by continued diversification, margin expansion, increase in revenue and operating income increase by greater than 30%. We believe we are structured to deliver continued margin expansion this quarter as well as in the seasonally down March quarter. Beyond March we expect gross margin to achieve 40% by the end of next calendar year.”