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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