Demand Concerns Weigh on Shares of Micron Technology and RF Micro Devices

NEW YORK, NY -- (MARKET WIRE) -- Oct 06, 2011 -- Shares of companies focused on the manufacturing of chips used in various products including PCs and smartphones have fallen dramatically in recent months as weakened consumer confidence has affected chip demand. The Bedford Report examines the outlook for companies in the Semiconductor Industry and provides equity research on Micron Technology, Inc. (NASDAQ: MU) and RF Micro Devices, Inc. (NASDAQ: RFMD). Access to the full company reports can be found at:

www.bedfordreport.com/MU

www.bedfordreport.com/RFMD

Research company Gartner Inc. said that semiconductor sales worldwide will decline 0.1 percent this year to $299 billion, reversing a previous forecast that revenue would rise 5.1 percent. The research company said on Sept. 8 that global personal computer shipments will increase less than predicted this year and next as consumers scale back spending. Semiconductor companies' third-quarter forecasts have been "well below seasonal averages," stated Bryan Lewis, research vice president at Stamford, Connecticut-based Gartner Inc.

One positive development is the growing sales of smartphones and tablets, especially Apple's iPad. That has helped make NAND flash memory and data processing ASICs the fastest-growing areas in 2011, with about a 20% growth, according to Gartner.

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 www.bedfordreport.com and get exclusive access to our numerous analyst reports and industry newsletters.

For the makers of memory chips, Micron Technology warned last week that continued oversupply of DRAM chips will weigh on margins, adding to investor worries about tepid PC sales and casting a shadow on expectations for the upcoming holiday season. The NAND market continues to improve, however. Contract prices for MLC NAND flash memories all stopped falling in late August, according to DRAMeXchange.

Microelectronic makers have been showing steady growth over the last year as surging demand for tablet computers and smartphones continues to drive the top line. In addition, with the continuously growing "green movement," integrated circuit makers have begun using their semiconductor expertise to benefit the alternative energy sector.

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 http://www.bedfordreport.com/disclaimer.

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