I'm thinking of getting in here....but the 5 million dollar charge off to a customer with no comment concerns me. Is anyone else on here a little skeptical of that? Or is it no big deal?
Not at all. We all know that its Motorola, and we know that there were delays with RF getting products to MOT within a certain time frame. Pretty severe penalty, but the future business RF stands to get from MOT will more than make up for it.
Also...RFMD is supplying to Nokia, Samsung, and Motorola. Talk about best of breed. I can't think of a better play on the cell phone surge expected in "06" at these prices. You may see a bit of a pull back, where you should be buying. But then we'll turn it right around into blow away earnings. Good Luck!