RF Micro Devices, Inc.
) recently announced that it vehemently contends the patent
infringement accusation made by Peregrine Semiconductor Corp. at
the U.S. District Court for the Central District of California.
This suit filed against RF Micro is based on the infringement on
patents of silicon-on-insulator technology used by the company
related to radio-frequency integrated circuits (RFICs) of its chips
RF Micro is quite confident about getting exculpated from this
allegation. The company's determination not to succumb to any
patent infringement charge vindicated its belligerent stance.
Peregrine Semiconductor Corp.
is a supplier of RF and mixed signal communicator ICs catering
mainly to the mobile wireless, broadband CATV/DTV and
communications infrastructure markets.
RF Micro recently averred in its December quarter financial
results that it is hopeful of strong gains in the next quarter as
the company weathers the pervasive winds of fiscal pressures. It
intends to do this on the backs of its existing dominating market
position, new product and technology advances and contract awards
ameliorating overall yields.
We believe that RF Micro stands in quite a formidable position
to grapple with the present scenario for which it has been taken to
court. This fighting spirit is perhaps quite imperative as the
company is on a mission to make up for an enervated last December
quarter by delivering adulatory results in its upcoming March
At present we have an Underperform recommendation on RF Micro.
The stock currently carries a Zacks #5 Rank, which translates into
a short-term rating of Strong Sell.
RF MICRO DEVICE (
): Free Stock Analysis Report
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