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Monday, March 10, 2008
Shares of RF Micro Device are in focus today, after early in the morning company reported a strong growth for emerging market products in '08; anticipates continued design traction for RF3198 and RF4180 front ends. In calendar year 2008, total handset sales are expected to exceed 1.2 bln, and the demand for emerging market handsets is expected to significantly outpace the overall rate of growth of handset sales. Looking at the daily chart, stock needs to break above $3 again to regain momentum for a new leg up, a close below this level could fail the hope of Bulls again. Stay tuned on her.
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