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RFMD(R) Forecasts Continued 802.11 Front End Leadership in WLAN-Enabled Handsets
Monday, March 24, 2008
RF5924 Paced WLAN Front End Growth In 2007
GREENSBORO, N.C., March 24 /PRNewswire-FirstCall/ -- RF Micro Devices,
Inc. (Nasdaq: RFMD), a global leader in the design and manufacture of
high-performance radio systems and solutions, today announced it expects
continued leadership in calendar year 2008 in wireless local area
network- (WLAN-) enabled cellular handsets, based upon continued traction for
the RF5924 WLAN power amplifier and favorable design activity related to
additional RFMD(R) WLAN front end solutions. RFMD's RF5924 WLAN power
amplifier was the highest volume 802.11 front end in WLAN-enabled handsets in
2007.
RFMD is the leading supplier of cellular front ends for mobile devices and
enjoys unrivalled relationships with handset manufacturers. As such, RFMD is
uniquely positioned to deliver cost-effective 802.11 front ends into the
high-growth market for WLAN-enabled mobile devices. Industry analysts
estimate that approximately 29 million of the 1.1 billion cellular handsets
shipped in 2007 were WLAN-enabled. That number is projected to grow to 80
million in 2008 and 170 million in 2010, significantly outpacing the rate of
growth of the handset market.
The performance characteristics of RFMD's high-volume RF5924 specifically
address the requirements of advanced wireless applications, such as Voice over
Internet Protocol (VoIP), which are driving the adoption of WLAN in handsets.
The RF5924 provides high data throughput and wide WLAN coverage and is
designed for easy integration into mobile phones, personal digital assistants
(PDAs) and other energy-sensitive battery-powered, portable devices.
RFMD is expanding its portfolio of WLAN components, including 802.11 b/g
front ends for mobile devices and recently launched 802.11n front ends for
notebook computers. The Company is currently sampling its RF5725 802.11 b/g
front end module to lead customers and anticipates the RF5725 will support
RFMD's continued leadership in 802.11 front ends for WLAN-enabled mobile
devices. The highly integrated RF5725 front end module contains a
high-linearity/high-efficiency power amplifier (PA), a low-noise amplifier
(LNA) and a transmit/receive/Bluetooth(R) switch.
Rohan Houlden, general manager of RFMD's Wireless Connectivity Business
Unit, said, "Wireless LAN front ends represent a strong growth area for RFMD
given the continued adoption of WLAN-enabled handsets and the continued growth
of WLAN in notebook computers and other portable devices. The migration from
power amplifiers to highly integrated front end modules represents a
tremendous opportunity for RFMD as we offer a comprehensive portfolio of WLAN
components, from single- and dual-band high-performance, low-cost LNAs to
single- and dual-band complete front end modules. RFMD's flexible product
portfolio provides the solutions our customers need to react quickly and
cost-effectively to changes in the evolving WLAN market."
About RFMD: RF Micro Devices (Nasdaq: RFMD) is a global leader in the
design and manufacture of high-performance radio frequency systems and
solutions. RFMD's cellular front ends, cellular transceivers, RF components
and system-on-chip (SoC) solutions enable worldwide mobility, provide enhanced
connectivity and support advanced functionality in the cellular handset,
cellular base station, wireless local area network (WLAN), CATV networking,
aerospace, defense, and global positioning systems (GPS) markets. Recognized
for its diverse portfolio of state-of-the-art semiconductor technologies and
vast RF systems expertise, RFMD is a preferred supplier to the world's leading
mobile device and RF equipment manufacturers.
Headquartered in Greensboro, N.C., RFMD is an ISO 9001- and ISO 14001-
certified manufacturer with worldwide engineering, design, sales and service
facilities. RFMD is traded on the Nasdaq Global Select Market under the
symbol RFMD. For more information, please visit RFMD's website at
www.rfmd.com.
This press release includes "forward-looking statements" within the
meaning of the safe harbor provisions of the Private Securities Litigation
Reform Act of 1995. These forward-looking statements include, but are not
limited to, statements about our plans, objectives, representations and
contentions and are not historical facts and typically are identified by use
of terms such as "may," "will," "should," "could," "expect," "plan,"
"anticipate," "believe," "estimate," "predict," "potential," "continue" and
similar words, although some forward-looking statements are expressed
differently. You should be aware that the forward-looking statements included
herein represent management's current judgment and expectations, but our
actual results, events and performance could differ materially from those
expressed or implied by forward-looking statements. We do not intend to
update any of these forward-looking statements or publicly announce the
results of any revisions to these forward-looking statements, other than as is
required under the federal securities laws. RF Micro Devices' business is
subject to numerous risks and uncertainties, including variability in
quarterly operating results, the rate of growth and development of wireless
markets, risks associated with the operation of our wafer fabrication
facilities, molecular beam epitaxy facility, assembly facility and test and
tape and reel facilities, our ability to complete acquisitions and integrate
acquired companies, including the risk that we may not realize expected
synergies from our business combinations, our ability to attract and retain
skilled personnel and develop leaders, variability in production yields, our
ability to reduce costs and improve gross margins by implementing innovative
technologies, our ability to bring new products to market, our ability to
adjust production capacity in a timely fashion in response to changes in
demand for our products, dependence on a limited number of customers, and
dependence on third parties. These and other risks and uncertainties, which
are described in more detail in RF Micro Devices' most recent Annual Report on
Form 10-K and other reports filed with the Securities and Exchange Commission,
could cause actual results and developments to be materially different from
those expressed or implied by any of these forward-looking statements.
RF MICRO DEVICES(R) and RFMD(R) are trademarks of RFMD, LLC. All other
trade names, trademarks and registered trademarks are the property of their
respective owners.
SOURCE RF Micro Devices, Inc.
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