Qualcomm Inc (QCOM): RF Micro Devices upgraded to "overweight...

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khemara_qc

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Sunday, 07/17/2005 10:31:42 AM

Sunday, July 17, 2005 10:31:42 AM

RF Micro Devices upgraded to "overweight"

http://www.newratings.com/analyst_news/article_918799.html

Thursday, July 14, 2005 11:01:13 AM ET
Pac. Growth Equities

NEW YORK, July 14 (newratings.com) - Analysts at Pacific Growth Equities upgrade RF Micro Devices (RFMD.NAS) from "equal weight" to "overweight," while raising their estimates for the company.

In a research note published this morning, the analysts mention that the company has raised its revenue guidance for the June quarter from the mid-$150 million range to $159.3 million. The upside has been driven by the higher-than-expected orders for its POLARIS TOTAL RADIO transceiver chipsets, power amplifiers and Bluetooth products, the analysts say. Pacific Growth Equities expects RF Micro Devices' growth in 2005 to be boosted by the company's transition to WCDMA and EDGE handsets. The EPS estimate for FY06 has been raised from $0.08 to $0.09.