The last 15 months have been brutal for Mellanox (MLNX), as this developer of high-performance switches, adapters, and circuits has been pummeled by a slowdown in the high performance computer space and a mass "abandon ship" call from growth and momentum investors. Mellanox certainly faces serious challenges, from the steep declines in computing to uncertain and unsteady growth in Web 2.0, cloud, and storage markets to competition with Intel (INTC). Even with that, though, I believe the underlying long-term market trends still favor Mellanox and I believe this beaten-down stock could trade back into the mid-$50s.
HPC Not DOA, But Certainly Not A-OK
It wasn't so long ago that Mellanox derived around 60% or...
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