SOURCE: The Bedford Report

The Bedford Report

August 30, 2011 08:16 ET

Mobile Market Critical to Growth at RF Micro Devices and OmniVision

The Bedford Report Provides Equity Research on RF Micro Devices & OmniVision Technologies

NEW YORK, NY--(Marketwire - Aug 30, 2011) - With mobile devices such as tablet computers and smartphones flying off the shelves, several chip makers are seeing a surge in demand for their products. In addition, with the growing "green movement," integrated circuit makers have begun using their semiconductor expertise to benefit the alternative energy sector. The Bedford Report examines the outlook for companies in the Semiconductor - Integrated Circuits Industry and provides investment research on RF Micro Devices, Inc. (NASDAQ: RFMD) and OmniVision Technologies, Inc. (NASDAQ: OVTI). Access to the full company reports can be found at:

According to a report by the research company IC Insight, the top 20 semiconductor suppliers together reported an 8 percent year-on-year increase in first half sales. The research firm argues that a series of economic setbacks -- including the March 11 earthquake in Japan, political uprising in the Middle East, a surge in natural disasters in the US and government debt concerns in North America and Europe -- caused quarterly worldwide economic growth to slow significantly in the first half of 2011 as compared to 2010.

For the remainder of the year, IC Insights forecasts modest growth in the worldwide semiconductor market and expects the 2H11/1H11 semiconductor market to grow only 6 percent, yielding a 5 percent growth rate for the year.

The Bedford Report releases stock research on the Semiconductor Industry so investors can stay ahead of the crowd and make the best investment decisions to maximize their returns. Take a few minutes to register with us free at and get exclusive access to our numerous analyst reports and industry newsletters.

Last week OmniVision, a maker of chips for digital cameras and smartphones, said earnings more than doubled year on year in its fiscal first quarter, but the company predicted earnings to come in the range of 52-64 cents a share with revenue between $255 million and $275 million for the current period. Analysts at Needham & Co. believe the company lost some of its business supplying digital imaging chips for the iPhone from Apple Inc.

RF Micro Devices said that its fiscal first-quarter net income fell 69 percent to $8.9 million, or 3 cents per share, compared with $28.3 million, or 10 cents per share, in the year-ago quarter. Known mostly for making cell phone chips, RF Micro Devices recently announced that it has hit a milestone in its solar research that could help it develop a commercially viable production process for high-efficiency photovoltaic cells.

The Bedford Report provides Market Research focused on equities that offer growth opportunities, value, and strong potential return. We strive to provide the most up-to-date market activities. We constantly create research reports and newsletters for our members. The Bedford Report has not been compensated by any of the above mentioned publicly traded companies. The Bedford Report is compensated by other third party organizations for advertising services. We act as an independent research portal and are aware that all investment entails inherent risks. Please view the full disclaimer at

Contact Information