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RF Micro Devices (RFMD) - Press Release 7-10-2008
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RF Micro Devices® Commences Volume Shipments
of POLARIS®
to Multiple Leading Handset Manufacturers
POLARIS 2, POLARIS 3 and POLARIS 3 Silver to Support
Mu ltiple New Handsets
in the Second Half Of 2008
GREENSBORO, N.C., July 10 /PRNewswire-FirstCall/
-- RF Micro Devices, Inc. (Nasdaq: RFMD), a global leader in the design
and manufacture of high-performance semiconductor components, today
announced it is commencing volume shipments of its POLARIS(R) RF solutions
in support of six new feature-rich multimedia handsets. All six handsets
are expected to be available in the second half of calendar 2008.
Eric Creviston, president of RFMD's Cellular Products Group (CPG),
said, "We are very pleased to commence volume shipments of POLARIS into
these new handsets in support of multiple customers. Our highly successful
POLARIS 2 has shipped more than 100 million units and is a field-proven
solution. Our newer-generation POLARIS 3, which continues to ramp successfully,
delivers a smaller total solution size, improved ease of RF implementation
and increased platform portability from handset to handset."
The shipments are in support of multiple leading handset manufacturers,
and the handsets range from entry level multimedia handsets to multi-function,
multimedia smartphones. RFMD's volume shipments include POLARIS 2, POLARIS
3 and POLARIS 3 Silver. POLARIS 3 Silver combines the performance advantages
of POLARIS 3 with RFMD's patent pending MicroShield(TM) integrated RF
shielding to reduce time-to-market and minimize cost of implementation.
Based upon existing customer forecasts, RFMD(R) currently anticipates
POLARIS revenue will increase sequentially in the September 2008 and
December 2008 quarters, and RFMD currently expects sales of its POLARIS
RF solutions will extend into calendar year 2011. On May 6, 2008, RFMD
announced it had discontinued development of future-generation, 3G RF
solutions. The Company continues to fully support its successful EDGE
RF solutions, including POLARIS 2, POLARIS 3 and POLARIS 3 Silver.
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), RFMD(R) and patent pending MicroShield(TM)
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. 07/10/2008
CONTACT:
At RFMD(R), Dean Priddy,
CFO, 1-336-678-7975,
Doug DeLieto, VP, Investor Relations, 1-336-678-7968,
or
Jerry Neal, EVP, Marketing and Strategic Development, 1-336-678-7001
Web site: http://www.rfmd.com
(RFMD)
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