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RF Micro Devices Inc. Message Board

  • monrio1 monrio1 Jul 23, 2013 6:13 PM Flag

    The PPS is not Tracking Yet

    For the last 90 days, the PPS has fluctuated in a 15% range based on poor confidence in the company's margin performance or a new poor confidence in Samsung and Apple and China. Now incremental positives are being demonstrated in revenues and in margins, with more to come, and China is not a factor in hitting the September guided numbers, nor is any one flagship device.

    So what gives?
    Does the market return to its green visor tomorrow and readjust PPS for the better numbers and prospects of Rfmd?

    If so, the PPS should move with confidence to $5.90, and then move again to near $6.50, with most of the next 90 days spent around $6 as the low-mid-way point of earnings guidance.

    However, what the market did the last 90 days with Rfmd fundamentals is no guarantee of how the market will look at Rfmd fundamentals the next 90 days.

    I think the news will get better as new products and Rfmd content become known. That might push the PPS towards $6.50 for some of this quarter.

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