RF micro is caught in a pattern between $4.50-5.75. Until they announce the smashing quarterly reort it will probably go back to $5.75 and wait for the report.
They annouced at the Thinkequity investor conference that their sales for this quarter will be up sequentially and year over year by 20%. They also indicated that the 3rd quarter is filling in nicely.
The exceptional news about the quarter is not hard to believe in light of the fact that every semi is smashing their targets, but what stands out about RF is that there multi-products group(MPG) is coming out with new products at a very rapid pace.
The MPG is getting so large that they recently announced an online store for product presentation and purchase. The netbook market is projected to be 1 mil/year. Each netbook requires 3G RF content. 3G RF content is prices at 2x 2G and each unit requires $3-5 in components.
If this is the start of a major semi cycle there is no reason that RF couldn't reach the $7-9 range of the past 4-5 years. When RF pulled back after the recent concerns about Samsung's inventory I bought 1/3 additional shares.
The CFO at RF has been real upfront their prospects and now the sky is blue.
