Although many investors, analysts, and writers are deeply invested in the "Apple (AAPL) versus Samsung (SSNLF.PK)/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...