Qorvo® to Withdraw Presentation from Cowen & Co. Technology Conference on Announcement of Proposed Senior Notes Offering
May 28 2020 - 09:22AM
Qorvo® (Nasdaq: QRVO), a leading provider of innovative RF
solutions that connect the world, today announced that due to
conflicts associated with the launch of its proposed senior notes
offering, it is unable to host its webcast presentation at the
Cowen and Company 2020 virtual Technology, Media & Telecom
Conference, previously scheduled to take place on Thursday, May 28,
2020 at 12:30 p.m. ET.
About QorvoQorvo (Nasdaq: QRVO)
makes a better world possible by providing innovative Radio
Frequency (RF) solutions at the center of connectivity. We
combine product and technology leadership, systems-level expertise
and global manufacturing scale to quickly solve our customers’ most
complex technical challenges. Qorvo serves diverse
high-growth segments of large global markets, including advanced
wireless devices, wired and wireless networks and defense radar and
communications. We also leverage unique competitive strengths
to advance 5G networks, cloud computing, the Internet of Things,
and other emerging applications that expand the global framework
interconnecting people, places and things. Visit
www.qorvo.com to learn how Qorvo connects the world.
Qorvo is a registered trademark of Qorvo, Inc.
in the U.S. and in other countries. All other trademarks are
the property of their respective owners.
This press release includes "forward-looking
statements" within the meaning of the safe harbor provisions of the
Private Securities Litigation Reform Act of 1995. These
forward-looking statements include, but are not limited to,
statements about our plans, objectives, representations and
contentions, and are not historical facts and typically are
identified by use of terms such as "may," "will," "should,"
"could," "expect," "plan," "anticipate," "believe," "estimate,"
"predict," "potential," "continue" and similar words, although some
forward-looking statements are expressed differently. You
should be aware that the forward-looking statements included herein
represent management's current judgment and expectations, but our
actual results, events and performance could differ materially from
those expressed or implied by forward-looking statements. We
do not intend to update any of these forward-looking statements or
publicly announce the results of any revisions to these
forward-looking statements, other than as is required under U.S.
federal securities laws. Our business is subject to numerous
risks and uncertainties, including those relating to fluctuations
in our operating results; our substantial dependence on developing
new products and achieving design wins; our dependence on a few
large customers for a substantial portion of our revenue; a loss of
revenue if contracts with the United States government or defense
and aerospace contractors are canceled or delayed or if defense
spending is reduced; our dependence on third parties; risks related
to sales through distributors; risks associated with the operation
of our manufacturing facilities; business disruptions resulting
from natural disasters, extreme weather conditions and public
health issues, including the outbreak of COVID-19; poor
manufacturing yields; increased inventory risks and costs due to
timing of customer forecasts; our inability to effectively manage
or maintain evolving relationships with platform providers; risks
from international sales and operations; economic regulation in
China; changes in government trade policies, including imposition
of tariffs and export restrictions; our ability to implement
innovative technologies; underutilization of manufacturing
facilities as a result of industry overcapacity; we may not be able
to borrow funds under our credit facility or secure future
financing; we may not be able to generate sufficient cash to
service all of our debt; restrictions imposed by the agreements
governing our debt; volatility in the price of our common stock;
damage to our reputation or brand; fluctuations in the amount and
frequency of our stock repurchases; our recent acquisitions and
other strategic investments could fail to achieve financial or
strategic objectives; our ability to attract, retain and motivate
key employees; our reliance on our intellectual property portfolio;
claims of infringement of third-party intellectual property rights;
security breaches and other similar disruptions compromising our
information; theft, loss or misuse of personal data by or about our
employees, customers or third parties; warranty claims, product
recalls and product liability; and risks associated with
environmental, health and safety regulations and climate
change. These and other risks and uncertainties, which are
described in more detail in Qorvo's most recent Annual Report on
Form 10-K and in other reports and statements filed with the
Securities and Exchange Commission, could cause actual results and
developments to be materially different from those expressed or
implied by any of these forward-looking statements.
At Qorvo®
Doug DeLieto
VP, Investor Relations
1- 336-678-7968
Qorvo (NASDAQ:QRVO)
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