RF Micro Devices Inc. (RFMD) announced that it has successfully completed all previously announced restructuring activities. The company said that it expects continued strength in financial results, with an emphasis on non-GAAP operating income, free cash flow and return on invested capital, or ROIC.
RFMD now expects free cash flow in fiscal 2010 will exceed its previous guidance of $130 million, provided on October 27, 2009. Additionally, RFMD currently expects to be net cash positive in fiscal 2011, ending April 2, 2011.
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June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.