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RF Micro's Outlook Is Sunny
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Updated from 4:47 p.m. EDT
RF Micro Devices(RFMD Quote) forecast a return to growth in the current quarter, even as sales in its fiscal first quarter fell 11%.
The bullish forecast sent RFMD shares up 7.6% to $6.97 in extended trading Tuesday.
The Greensboro, N.C., chipmaker has been stung by a slowdown at cell phone handset maker Motorola(MOT Quote), which accounted for roughly a third of RFMD's sales last year. ...
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