There's virtually no such thing as a perpetual winner in the semiconductor space, as companies have to deal with cyclical end-markets and evolving competition. Silicon Labs (NASDAQ:SLAB) is more proactive than most companies in "self-obsoleting" and identifying new revenue growth opportunities, but the company's transition toward the microcontroller-driven Internet of Things business is still in progress. I'm not sold on the company's ability to carve out a leading position in ultra low-power microcontrollers, but Silicon Labs does have a shot of being one of the better growth stories over the next 18 months, and forward expectations aren't too demanding.
Growth Tomorrow, But Which Tomorrow?
Silicon Labs did okay relative to expectations in the March quarter. Revenue was almost...
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