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RF Micro Ready to Move

By Jim Cramer

 About this article:
 Two-way battle in RF Micro -- the CEO, Robert Bruggeworth, vs. UBS. Today UBS downgraded RFMD to neutral on valuation, basically talking about how recovery is just re-stocking of emptied inventory and now there is "no near term catalyst with potential to meaningfully change fundamentals." Nope, not buying it. Not buying it all. I think there are catalysts galore, including multiple 3G roll-outs that need multiple power amplifiers, and RF Micro has them. This company had huge cash flow when things were bad, and it has gotten through this period with flying colors. It is now in a position to pay down debt, grow the company and return to a leadership position that it used to have. More important, I think this downgrade is part of a pattern that started coincident with the deepest part of the bear market, the endless downgrades the moment that a...

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