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RF Micro Devices Inc. Message Board

  • help4all1332 help4all1332 Jan 16, 2010 12:36 PM Flag

    Now we know why RFMD acted that way last week

    The Taiwan foundry (AWSC) is hyping its stock. It may get some orders but targeting the largest NOK supplier (RFMD) is something that they made up.
    NOK is reducing its suppliers and cutting off its smaller ones. If AWSC was talking about TQNT or other small suppliers, I could believe them since TQNT missed its Revenue last quarter.
    I feel sorry for misled investors.

    Here is from RFMD CFO in last week CC:

    Investor Question:
    "NOK recently announced reducing its supplier from 10 to 5."

    RFMD CFO Answer:
    "As an RF supplier to NOK, we have very clear vision of road map for next several years. RFMD will be the largest supplier to NOK over foreseeable future. So, future of NOK to us continues to be extremely robust."

    Obviously, the foundry in Taiwan is hyping its stock. NOK is reducing smaller suppliers and as a rule for the business, it has to have at least 3 suppliers in case one could not do the job. It will be crazy if it upset its largest supplier, in this case RFMD.

    LG and Samsung become other RFMD large customers. 40 new designs will be released this year.

    SortNewest  |  Oldest  |  Most Replied Expand all replies
    • AWSC is a want-to-be.

    • http://www.digitimes.com/news/a20100114PD207.html

      =================================================
      <<<The Taiwan foundry (AWSC) is hyping its stock. It may get some orders but targeting the largest NOK supplier (RFMD) is something that they made up.
      NOK is reducing its suppliers and cutting off its smaller ones. If AWSC was talking about TQNT or other small suppliers, I could believe them since TQNT missed its Revenue last quarter.
      I feel sorry for misled investors.

      Here is from RFMD CFO in last week CC:

      Investor Question:
      "NOK recently announced reducing its supplier from 10 to 5."

      RFMD CFO Answer:
      "As an RF supplier to NOK, we have very clear vision of road map for next several years. RFMD will be the largest supplier to NOK over foreseeable future. So, future of NOK to us continues to be extremely robust."

      Obviously, the foundry in Taiwan is hyping its stock. NOK is reducing smaller suppliers and as a rule for the business, it has to have at least 3 suppliers in case one could not do the job. It will be crazy if it upset its largest supplier, in this case RFMD.

      LG and Samsung become other RFMD large customers. 40 new designs will be released this year.>>>

      • 2 Replies to svs8100
      • "Skyworks is likely to receive orders for 600 million PAs from Nokia, the sources indicated. Nokia's handset shipments for 2010 are expected to reach 400-500 million units, with each handset adopting 4-6 PAs on average, added the sources."

        Use the math,
        With 500 million uints and 5 PA for each unit, NOK needs 2.5 billion or more PAs. If 600 million PA are provided by SWKS(small amount) then who will provide the rest or 1.9 billion PAs. RFMD, the expert in PA, comes to mind. NOK has to diversify BUT RFMD remains the largest and best provider of PA to NOK and others.

      • Seems pretty clear that NOK is retrenching sharply, due to their weak smartphone product line.

        They will likely figure out how to be competitive again, but may do so by seeking suppliers that are already feeding the better smartphone supply chains.

        Could be a big win for SWKS or TQNT, at RFMDs expense.

        If RFMD can't develop competitive smartphone products to feed the 3G and 4G technologies, they will quickly be left aside by sharper competitors.

        I think that is already happening and combined with the crushing debt load, this makes RFMD a prime candidate for crazy new lows when the economy rolls over again.

        Some day soon $.70 may seem quite high for this stock...

 
RFMD
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