In the "follow the bouncing ball" world of mid-cap semiconductor company Microsemi's (NASDAQ:MSCC) quarterly performance, things appear to be heading up again. A beat-and-raise quarter should be constructive for the stock, and management had some fairly bold things to say about the company's future on the conference call.
A lot of things seem to be lining up favorably for Microsemi right now. The new federal budget should ease the logjam in defense spending and 2014 is shaping up to be a better year for commercial aerospace. Key medical device markets like ICDs are showing improving volume, and other chip companies like Linear Technology (NASDAQ:LLTC) are sounding more optimistic about conditions in the industrial end markets....
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