News Article
RFMD to net the cash by year end
At the ‘Investors at Barclays Capital Global Communications, Media & Technology Conference,’ RFMD revised its guidance and said it expects to achieve a positive net cash position in 2010.
RF Micro Devices provided updated financial information to investors during a webcast presentation at the Barclays Capital Global Communications, Media & Technology Conference in New York, NY.
Bob Bruggeworth, President and CEO of RFMD, said during the presentation that RFMD is enjoying a favorable demand environment and is continuing to execute successfully on key strategic initiatives, including product leadership, diversification and operational excellence.
As a result, the company is currently comfortable with consensus estimates for RFMD's FYQ1 2011 ending July 3, 2010, relating to revenue and non-GAAP net income per diluted share.
