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RF MICRO WARNS OF POOR Q2 NET ON IMPROVED SALES

RF Micro Devices Inc, Greensboro North Carolina maker of integrated circuits for the wireless communications market, is warning that, although its second-quarter revenue will be up 50% year-on-year, net income will fall short of analysts’ expectations of $0.08 to $0.10 per share. The company blames an increase in manufacturing cycle time due to capacity expansion projects.

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CBR Staff Writer

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