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SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934
JANUARY 11, 1999
(Date of earliest event reported)
Commission file number: 0-22511
RF MICRO DEVICES, INC.
(Exact name of registrant as specified in its charter)
NORTH CAROLINA 56-1733461
(State or other jurisdiction of (I.R.S. Employer
incorporation or organization) Identification No.)
7625 THORNDIKE ROAD
GREENSBORO, NORTH CAROLINA 27409-9421
(Address of principal executive offices)
(Zip code)
(336) 664-1233
(Registrant's telephone number, including area code)
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ITEM 5. OTHER EVENTS
On January 11, 1999, RF Micro Devices, Inc. issued a press
release announcing an expansion of its relationship with IBM to add access to
IBM's Silicon Germanium fabrication process. A copy of this press release is
attached as Exhibit 99.1.
ITEM 7. FINANCIAL STATEMENTS AND EXHIBITS
(c) Exhibits
The following exhibit is filed herewith:
Exhibit No. Description of Exhibit
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99.1 Press Release dated January 11, 1999
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SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of
1934, the registrant has duly caused this report to be signed on its behalf by
the undersigned, thereunto duly authorized.
RF Micro Devices, Inc.
By: /s/ William A. Priddy, Jr.
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William A. Priddy, Jr.
Vice President and Chief Financial Officer
Date: January 11, 1999
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EXHIBIT 99.1
RF MICRO DEVICES EXPANDS RELATIONSHIP WITH
IBM TO TAP SILICON GERMANIUM TECHNOLOGY
GREENSBORO, N.C., Jan. 11 /PRNewswire/ -- RF Micro Devices, Inc.
(Nasdaq: RFMD), a leading provider of proprietary radio frequency integrated
circuits (RFICs) for wireless communications applications, announced today that
it has expanded its relationship with IBM to add access to IBM's Silicon
Germanium (SiGe) foundry services. The Company has accelerated its efforts to
design RFICs based on IBM's SiGe process and plans to use SiGe for a broad range
of custom and standard RFICs. RFMD currently offers a variety of silicon RFICs
based on IBM's BiCMOS processes and has begun negotiation of definitive
agreements with IBM to cover its expanding relationship.
According to RFMD's chief technical officer, William J. Pratt,
"We believe Silicon Germanium will extend the capability of our existing
technology by enabling us to produce products with higher linearity, lower
noise, and lower power consumption in certain wireless applications. We expect
our current approach of Optimum Technology Matching(R), where we match the
process technology to the customer's application in order to deliver optimum
performance at the lowest price, will be enhanced by the addition of Silicon
Germanium."
"The products resulting from our current cooperation with IBM are
the fastest growing segment of our business," said Jerry D. Neal, RFMD's vice
president of sales and marketing. "We expect that an expanded relationship with
IBM will enable us to accelerate the growth of our silicon based product
portfolio."
RF Micro Devices, Inc. designs, develops, manufactures and
markets proprietary RFICs for wireless communications applications such as
cellular and PCS phones, cordless phones, wireless LANs, wireless local loop
handsets, industrial radios, wireless security systems and remote meter readers.
The Company offers a broad array of products -- including amplifiers, mixers,
modulators/demodulators and single-chip transmitters, receivers and transceivers
- -- that represent a substantial majority of the RFICs required in wireless
subscriber equipment. The Company's strategy is to focus on wireless markets by
offering a broad range of standard and custom designed RFICs in order to
position itself as a "one-stop" solution for its customers' RFIC needs. RF Micro
Devices, Inc. is traded on the Nasdaq National Market under the symbol RFMD.
This press release contains forward-looking statements that
relate to the Company's plans, objectives, estimates and goals. Words such as
"expects," "anticipates," "intends," "plans," "believes," and "estimates," and
variations of such words and similar expressions identify such forward-looking
statements. These statements are subject to numerous risks and uncertainties,
including probable variability in the Company's quarterly operating results,
dependence on a limited number of customers, variability in production yields,
risks associated with the Company's operation of a wafer fabrication facility,
dependence on third parties and risks associated with doing business in Asia or
other areas of the world. These and other risks and uncertainties, which are
described in more detail in the Company's Annual Report on Form 10-K and the
Company's Preliminary Prospectus dated December 31, 1998 included in its
Registration Statement on Form S-3 (Registration No. 333-69501) 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.
IBM(R) is a registered trademark of International Business Machines Corporation.
SOURCE: RF Micro Devices, Inc.
