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RF Micro Devices Inc. is Today's Focus Stock on MicroStockProfit.com

/ Source: GlobeNewswire

DALLAS, Sept. 29, 2010 (GLOBE NEWSWIRE) -- MicroStockProfit.com announces an investment report featuring RF Micro Devices Inc. (Nasdaq:RFMD). The report includes financial, comparative and investment analyses, and industry information you need to know to make an educated investment decision.

The full report is available at:

RF Micro Devices Inc. (RFMD) designs and manufactures radio frequency components and compound semiconductors. The Company's products provide connectivity and support functionality in the cellular handset, wireless infrastructure, wireless local area network, cable television/broadband and aerospace, and defense markets. RFMD manufactures gallium arsenide-based compound semiconductors. It accesses silicon, silicon germanium and other technologies through various foundries. The Company operates two synergistic product groups: cellular products group and multi-market products group, both of which focus on RF components with emphasis on compound semiconductor technology. During the fiscal year ended March 28, 2009 (fiscal 2009), the Company's CPG supplied handset original equipment manufacturers and original design manufacturers. On April 26, 2008, the Company completed the acquisition of Universal Microwave Corporation. 

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In the report, the analyst notes:

"RFMD reported financial results for its fiscal 2011 first quarter, ended July 3, 2010. RFMD's quarterly revenue increased 29% year-over-year and 5% sequentially to $273.8 million. On a GAAP basis, gross margin equaled 37.4%, quarterly operating income totaled $40.6 million, and quarterly net income was $28.1 million, or $0.10 per diluted share.  

"RFMD recently announced the introduction of the RFUV5945A during the European Microwave Week (EuMW) 2010 Conference. The RFUV5945A I/Q up-converter is the newest addition to RFMD's rapidly growing portfolio of innovative components for microwave and millimeter wave radio applications."

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