Jefferies' Mark Lipacis thinks Cisco's (CSCO +5.9%) FQ1 report (I, II, III) is a positive for the networking giant's chip suppliers, arguing Cisco and others are primed to rebuild chip inventories in 1H 2012 after slashing them this fall. Names Lipacis likes: BRCM, MRVL, AVGO, ALTR, IPHI, PMCS, ONNN, TXN.
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