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What: Shares of communications-chip designer RF Micro Devices
So what: Last night's third-quarter report delivered on the bottom line but missed Wall Street's revenue targets, and it compounded the issue by setting expectations for next quarter below the average analyst view. It's not even an issue of disappointing growth -- sales are actually falling from quarter to the next amid weakening gross margins.
Now what: RFMD is getting out of a mountain of legacy products and a heavy reliance on largest customer Nokia
Interested in more info on RF Micro Devices? Add it to your watchlist.
Fool contributor Anders Bylund holds no position in any of the companies discussed here. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool is investors writing for investors.