Although many investors, analysts, and writers are deeply invested in the "Apple (AAPL) versus Samsung (GM:SSNLF)/the field" battle, I really don't care who wins. Instead, I try to find companies that can prosper from the overall growth in next-gen wireless devices, and Avago (AVGO) looks like a good candidate. While Apple certainly matters to Avago, I like the company's broader exposure to the handset market, not to mention what I believe to be undervalued opportunities in wired infrastructure and industrial/automotive markets.
A Familiar Story To Start The Fiscal Year
For investors who follow chip stocks, particularly the wireless group, Avago's results are going to look very familiar.
Revenue rose 2% overall, but fell about...
Only subscribers can access this article, which is part of the PRO research library covering 3,801 different stocks.
Growing numbers of fund managers and other investment professionals subscribe to Seeking Alpha PRO for equity research that is unavailable elsewhere, so they can: