Microchip (MCHP -0.7%) is only off slightly following its deal to acquire fellow microcontroller...

|About: Microchip Technology Incorp... (MCHP)|By:, SA News Editor

Microchip (MCHP -0.7%) is only off slightly following its deal to acquire fellow microcontroller vendor Standard Microsystems (SMSC +38.4%). Likely helping is Microchip's forecast the deal will be accretive in its first full quarter after completion. Capstone's Jeff Schreiner thinks Microchip may be trying to strengthen its position in the growing automotive microcontroller market. Rivals Atmel (ATML +1.6%) and Freescale (FSL +1.8%) are rallying a little.