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RF Micro Devices (RFMD) - Press Release 11-11-2008
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RFMD®Broadens 3G Standard Product Portfolio
with Highly Integrated WCDMA/HSDPA Power Amplifiers
NEW YORK, Nov. 11 /PRNewswire-FirstCall/ -- RF Micro
Devices, Inc. (Nasdaq: RFMD), a global leader in the design and manufacture
of high- performance semiconductor components, announced, in conjunction
with its fourth annual Analyst Day being held tomorrow, that it has
broadened its portfolio of 3G front ends for the open market with the
release of two new WCDMA/HSDPA power amplifiers (PAs) -- the RF3267
and the RF6266. The newly introduced, highly integrated WCDMA/HSDPA
PAs are designed to support the critical needs of next-generation, multi-band,
multimode 3G handsets and smartphones. Based upon current customer forecasts
and design activity, RFMD anticipates volume shipments of the RF3267
and RF6266 to commence in the current quarter. RFMD's RF3267 is a
Band 1 (1920 to 1980 MHz) WCDMA/HSDPA PA with a digitally controlled
low-power mode, which allows operation up to 19dBm with reduced current
consumption. The RF3267 features an integrated coupler, which allows
handset designers to eliminate the external coupler traditionally placed
at the output of the PA. The integration of additional functionality
is achieved without growing the industry-leading 3x3x0.9 mm package
size, which was first introduced with the successful prior generation
PA (the RF3266). By maintaining pin-for-pin compatibility with the highly
successful prior generation PA, RFMD's RF3267 assists handset original
equipment manufacturers (OEMs) seeking to shrink handset RF sections
in support of more compact and thinner devices. RFMD's RF6266 WCDMA/HSDPA
PA combines a similar feature set to the RF3267 with a compact 3x3x0.9
mm package and the ability to operate in either Band 5 (824 to 849 MHz)
or Band 8 (880 to 915 MHz). Used in combination, the RF3267 and RF6266
provide a compact solution for multi-band, multimode 3G handset designs
targeted for the North American or European Union (EU) markets. RFMD
is capturing additional 3G revenue as the Company introduces innovative
cellular front end standard products to the open market and as increasingly
complex 3G multimode handsets require additional content, including
duplexers, filters and front end power management. The majority of the
world's handset manufacturers utilize standard products to satisfy their
cellular front end requirements, and RFMD expects to introduce a record
number of cellular RF standard products for the open market in calendar
year 2009. RFMD is the industry leader in 3G front ends and enjoys
an advantage in 3G handset design activity, given its leading product
portfolio, manufacturing scale, systems-level expertise and packaging
and assembly capabilities -- all of which enable RFMD to minimize complexity,
reduce component count and optimize the RF design of multi-band, multimode
WCDMA/HSDPA handsets and smartphones. About RFMD: RF Micro Devices,
Inc. (Nasdaq: RFMD) is a global leader in the design and manufacture
of high-performance semiconductor components. RFMD's products enable
worldwide mobility, provide enhanced connectivity and support advanced
functionality in the cellular handset, wireless infrastructure, wireless
local area network (WLAN), CATV/broadband and aerospace and defense
markets. RFMD is recognized for its diverse portfolio of semiconductor
technologies and RF systems expertise and is a preferred supplier to
the world's leading mobile device, customer premises and communications
equipment providers. 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 our planned
exit from our wireless systems business, including cellular transceivers
and GPS solutions, the risk that restructuring charges may be greater
than originally anticipated and that the cost savings and other benefits
from the restructuring may not be achieved, 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 complete acquisitions and integrate acquired companies, including
the risk that we may not realize expected synergies from our business
combinations, 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(R) and RFMD(R) are trademarks of RFMD,
LLC. All other trade names, trademarks and registered trademarks are
the property of their respective owners. SOURCE RF Micro Devices,
Inc. 11/11/2008 CONTACT: Dean Priddy, CFO, 1-336-678-7975, or
Doug DeLieto, VP, Investor Relations, 1-336-678-7968, or Jerry Neal,
EVP, Marketing and Strategic Development, 1-336-678-7001, all of
RFMD(R) Web site: http://www.rfmd.com (RFMD)
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