| RF Micro Devices, Inc. | |||
| (www.rfmd.com) | |||
| Ticker: | RFMD | 7625 Thorndike Road | |
| Exchange: | NASDAQ-National Market | Greensboro, NC 27409 | |
| Industry: | High-Tech (SIC Code 3674) | (910) 664-1233 | |
| Type of Shares: | Common Shares | Filing Date: | 2/28/97 | |
| U.S. Shares: | 3,037,000 | Offer Date: | 6/3/97 | |
| Non-U.S. Shares: | 0 | Filing Range: | $11.00 - $13.00 | |
| Primary Shares: | 3,037,000 | Offer Price: | $12.00 | |
| Secondary Shares: | 0 | Gross Spread: | $0.84 | |
| Offering Amount: | $36,444,000 | Selling: | $0.48 | |
| Expenses: | $600,000 | Reallowance: | $0.10 | |
| Shares Out After: | 14,834,361 |
| Manager | Tier | Phone |
| Montgomery Securities | Lead Manager | (415) 627-2100 |
| Hambrecht & Quist Incorporated | Co-manager | (415) 439-3626 |
| Oppenheimer & Company, Inc. | Co-manager | (212) 667-7400 |
| Issuer's Law Firm: | Womble Carlyle Sandridge & Rice |
| Bank's Law Firm: | Hale and Dorr |
| Auditor: | Ernst & Young |
| Registrar/Transfer Agent: | First Union National Bank North Carolina |
Dollar amounts in U.S. millions except for per share data | |||||
| 9 Month Ending Financials | |||||
| Full Year Audited Income | Latest Unaudited Income | Prior Unaudited Income | Balance Sheet | ||
| 3/31/96 | 12/31/96 | 12/31/95 | 12/31/96 | ||
| Revenue: | $9.52 | $19.65 | $5.82 | Assets: | $35.20 |
| Net Income: | -$5.19 | $0.79 | -$3.03 | Curr Assets: | |
| EPS: | -$0.43 | $0.06 | Liabilities: | $45.55 | |
| Prior EPS: | -$1.52 | -$4.49 | Curr Liabilities: | ||
| Cash Flow/Oper: | -$6.19 | Equity: | -$10.36 | ||
| Cash Flow/Fin: | Cash: | ||||
| Cash Flow/Inv: | |||||
| Business Description |
| The company designs, develops and markets proprietary radio frequency integrated circuits for wireless communications applications such as cellular and PCS, cordless telephony, wireless LANs, wireless local loop, and industrial radios. The company offers a broad array of products including amplifiers, mixers and modulators/demodulators, that represent a substantial majority of the RFICs required in wireless subscriber equipment. The company designs products using three distinct process technologies: GaAs HBT, GaAs MESFET and silicon bipolar transistor. The company believes that for certain applications, GaAs HBT devices offer advantages in terms of linearity, efficiency, reduced system complexity and size. The wireless communications industry has grown rapidly over the past decade as cellular, PCS, paging and other wireless communications services have become widely available and increasingly affordable. As wireless usage grows, wireless service providers continue to improve the quality and functionality of the services they offer and seek to offer greater bandwidth for increased capacity. |
| Use of Proceeds |
| The proceeds from the proposed offering will be used to finance the construction of a new wafer fabrication facility, to repay certain indebtedness and for working capital and for general corporate purposes. |