Because Microsemi (NASDAQ:MSCC) zigs where most other chip companies zag, it never really seems to fit in with the general sentiment on chips. That's a plus when chip stocks go into the tank, but it can be frustrating when there's relatively more optimism about the semiconductor space. Given Microsemi's position in timing/synchronization and its growing FPGA business, I'm content to continue holding these undervalued shares, but I acknowledge that the company's erratic progress on revenue growth and margins will frustrate many investors.
In-Line For The Fiscal Second Quarter
Microsemi basically did what it said it would in the fiscal second quarter. Revenue rose 22% yoy and 12% sequentially, helped both by the Symmetricom acquisition in late 2013 and...
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