RF Nitro will operate under the name RF Micro Devices Charlotte. Jeff Shealy, RF Nitro's president and chief executive, will join RF Micro, along with the rest of RF Nitro's employees. RF Micro says the purchase will increase its portfolio of process technologies and expand its product offerings, and should strengthen its competitive position in the wireless market. Through RF Nitro, we will gain instant access to advanced compound semiconductor processes, such as gallium nitride, as well as additional resources to conduct advanced research on this and other technologies. The acquisition's projected impact on RF Micro's sales or net income was not immediately available.
Results are essentially unchanged from the same period last year.
The holding company for Peoples Bank cites the effect of declining interest rates this year. Peoples Bank operates nine offices throughout Catawba County, one office in Alexander County and two offices in Lincoln County. Wachovia's Thompson to speak at Urban League Ken Thompson, the chief executive at Wachovia Corp., will be the keynote speaker at The Urban League of the Central Carolinas Inc.'s annual luncheon Wednesday. The fees are charges paid for each minute of usage when a call started by a customer of one telecom service provider goes to a customer of another. BellSouth, US LEC contended, didn't consider calls made to Internet service providers as chargeable under the carriers' connection agreement.