RF Micro Devices(R) Updates Investors At Barclays Capital Wireless and Wireline Conference

* Reuters is not responsible for the content in this press release.

Wed May 27, 2009 10:53am EDT

GREENSBORO, N.C., May 27, 2009 (GLOBE NEWSWIRE) -- RF Micro Devices, Inc.
(Nasdaq:RFMD), a global leader in the design and manufacture of high-performance
semiconductor components, today provided updated financial information for its
fiscal 2010 first quarter, ending June 27, 2009, during a webcast investor
presentation at the Barclays Capital Wireless And Wireline Conference in New
York, NY.

Bob Bruggeworth, president and CEO of RFMD, said during the conference that
demand for RFMD's products in the June 2009 quarter is better than expected, and
the Company's factory utilization rate in the June quarter is currently above
75%, versus approximately 25% in the March 2009 quarter. Bruggeworth also
commented that RFMD's new, higher-margin products are representing an increasing
percentage of total revenue. As a result, RFMD's gross margin is trending above
plan.

Bruggeworth also said RFMD's expenses are on plan, and the Company is executing
on its free cash flow projections of approximately $80 million -- $120 million
in RFMD's fiscal 2010.

RFMD's capital expenditures were approximately $4 million in the March 2009
quarter, and the Company expects capital expenditures to be approximately $3 to
$5 million in the June 2009 quarter. RFMD currently expects to decrease its net
debt during the June 2009 quarter.

An audio replay of the presentation will be available via the RFMD(R) Investor
Relations web page at the following URL: www.rfmd.com/ir.

About RFMD

RF Micro Devices, Inc. (Nasdaq:RFMD) is a global leader in the design and
manufacture of high-performance semiconductor components. RFMD's products enable
worldwide mobility, provide enhanced connectivity and support advanced
functionality in the cellular handset, wireless infrastructure, wireless local
area network (WLAN), CATV/broadband and aerospace and defense markets. RFMD is
recognized for its diverse portfolio of semiconductor technologies and RF
systems expertise and is a preferred supplier to the world's leading mobile
device, customer premises and communications equipment providers.

Headquartered in Greensboro, N.C., RFMD is an ISO 9001- and ISO 14001-certified
manufacturer with worldwide engineering, design, sales and service facilities.
RFMD is traded on the NASDAQ Global Select Market under the symbol RFMD. For
more information, please visit RFMD's web site at www.rfmd.com.

This press release includes "forward-looking statements" within the meaning of
the safe harbor provisions of the Private Securities Litigation Reform Act of
1995. These forward-looking statements include, but are not limited to,
statements about our plans, objectives, representations and contentions and are
not historical facts and typically are identified by use of terms such as "may,"
"will," "should," "could," "expect," "plan," "anticipate," "believe,"
"estimate," "predict," "potential," "continue" and similar words, although some
forward-looking statements are expressed differently. You should be aware that
the forward-looking statements included herein represent management's current
judgment and expectations, but our actual results, events and performance could
differ materially from those expressed or implied by forward-looking statements.
We do not intend to update any of these forward-looking statements or publicly
announce the results of any revisions to these forward-looking statements, other
than as is required under the federal securities laws. RF Micro Devices'
business is subject to numerous risks and uncertainties, including variability
in quarterly operating results, the impact of global macroeconomic and credit
conditions on our business, the rate of growth and development of wireless
markets, risks associated with our planned exit from our wireless systems
business, including cellular transceivers and GPS solutions, the risk that
restructuring charges may be greater than originally anticipated and that the
cost savings and other benefits from the restructuring may not be achieved,
risks associated with the operation of our wafer fabrication facilities,
molecular beam epitaxy facility, assembly facility and test and tape and reel
facilities, our ability to complete acquisitions and integrate acquired
companies, including the risk that we may not realize expected synergies from
our business combinations, our ability to attract and retain skilled personnel
and develop leaders, variability in production yields, our ability to reduce
costs and improve gross margins by implementing innovative technologies, our
ability to bring new products to market, our ability to adjust production
capacity in a timely fashion in response to changes in demand for our products,
dependence on a limited number of customers, and dependence on third parties.
These and other risks and uncertainties, which are described in more detail in
RF Micro Devices' most recent Annual Report on Form 10-K and other reports filed
with the Securities and Exchange Commission, could cause actual results and
developments to be materially different from those expressed or implied by any
of these forward-looking statements.

RF MICRO DEVICES(R) and RFMD(R) are trademarks of RFMD, LLC. All other trade
names, trademarks and registered trademarks are the property of their respective
owners.

-0-
CONTACT:  RF Micro Devices, Inc.
          Doug DeLieto, VP, Investor Relations
          336-678-7088
Comments (0)
This discussion is now closed. We welcome comments on our articles for a limited period after their publication.