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26 May 2010
RFMD expects positive net cash position in 2010
In a webcast presentation at the Barclays Capital Global Communications, Media & Technology Conference in New York, Bob Bruggeworth, president & CEO of RF Micro Devices Inc of Greensboro, NC, USA said that, in contrast to its previous guidance, the firm now expects to achieve a positive net cash position by the end of calendar 2010.
Bruggeworth added that RFMD is enjoying favorable demand environment and is continuing to execute on key strategic initiatives (including product leadership, diversification and operational excellence). As a result, he adds, RFMD is comfortable with consensus estimates for its fiscal first-quarter 2011 (ending 3 July 2010) relating to revenue and non-GAAP net income per diluted share.
See related items:
Strong demand gives RFMD 51.4% increase in revenue year-on-year
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