RF Micro Devices Inc.
(
RFMD
) recently announced that LG has chosen RF Micro to provide various
components for LG's Optimus 4X HD and Optimus 3D Max smartphone
devices. This would not only enhance the mobile phone and Wi-Fi
component segments of RF Micro but also ossify its existing bonds
with LG.
The company provides a PowerSmart component along with a Wi-Fi
power component that supports the LG smartphones. These not only
allow the mobile devices to be thinner in size but also reduce
component complexity and cater to higher power output generation.
LG's new Optimus products are expected to be available
internationally in 2012.
Management expressed its alacrity in this venture by averring
that it is extremely appeased to further solidify its existing ties
with LG. Furthermore, it is prescient about the far-reaching
effects of these advanced technologies from its PowerSmart
platforms that will most certainly ameliorate industry standards
with time.
RF Micro remains proactive in catering to its offshore markets
demands. On March 20, 2012, the company declared that it has
successfully completed shipments of over 1 billion cellular power
amplifiers (PAs) at various handset producing companies in Greater
China. The company's moves to augment its businesses at the
ever-increasing Chinese economy are laudatory with regard to
providing technologically advanced and cost-effective products to
its vast clientele there.
The company should remain wary of progressive advances made by
its competitors in the industry.
I.D. Systems, Inc.
(
IDSY
) recently announced that it was awarded orders from
Toyota Engineering & Manufacturing North America,
Inc.
(TEMA) for the deployment of its PowerFleet wireless Vehicle
Management System (VMS) at two of Toyota's facilities in the U.S.
Other ominous competitors include
Elephant Talk Communications Inc.
(
ETAK
) and
Clearwire Corp.
(
CLWR
).
We continue to maintain a Neutral recommendation on RF Micro. In
the short run, our view is supported by a Zacks #3 Rank on the
stock which translates into a short-term rating of Hold.
CLEARWIRE CORP (
CLWR
): Free Stock Analysis Report
ID SYSTEMS INC (
IDSY
): Free Stock Analysis Report
RF MICRO DEVICE (
RFMD
): Free Stock Analysis Report
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