Given the industry circumstances, it's hard to get too worked up about yet another iffy-to-weak earnings and guidance report from a semiconductor company this quarter. Even so, Microsemi (MSCC) seems to be a on a slower path to the revenue growth and margin improvements that management has been projecting for some time, and the Street is punishing the stock for its weak guide for the December quarter.
Amidst the disappointment, I think Microsemi's non-defense businesses look pretty solid and I like the acquisition of Symmetricom (SYMM) over the long term. While I seem to get more flack for liking and recommending Microsemi than almost any other stock in my portfolio, I continue to believe...
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