RF Micro's Tight Belt (at Motley Fool)

yahoo.com     Jul 30, 2008            

By Dave Mock July 30, 2008 Comments (0) After a couple of rough quarters, the restructuring that wireless components maker RF Micro (Nasdaq: RFMD) committed to just under three months ago is already reversing downtrends and paying off for the company. With nice sequential growth in revenue and better-than-expected earnings, investors are piling back into the stock, causing shares to rise by as much as 15% this morning. The bottom line was actually deep in the red, mostly thanks to $26.6 million in restructuring charges aimed to slim the business down, taking a non-GAAP gain of $7.9 million and turning it into a $24.1 million GAAP loss. Other charges -- including the amortization of intangibles, gourmet chocolate truffles, and stock options expenses -- added millions to the loss as well. OK, chocolate truffles weren't actually... [read full story]                    

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