Investopedia: Avago Still Advancing

What a difference a sell-off can make. Avago Technologies (Nasdaq:AVGO) has been an interesting chip company for a while now from a business perspective, but not quite so appealing as an investment candidate. With a broad sell-off in the markets in general and chips in particular, now may be one of those relatively rare opportunities to buy up some shares in a quality growth candidate.

A Good Third Quarter  
Chip stocks like Analog Devices (NYSE:ADI) and Microchip Technology (Nasdaq:MCHP) have not been impressing the Street much lately, but Avago stood up and delivered a solid fiscal third quarter performance. Revenue exceeded the top end of the analyst range on 8% sequential growth (and 10% annual growth). Growth was led by wireless (up 10% sequentially), but wired, industrial, and auto all did fairly well and there was no obvious weak point.

Read more through the link below:
http://stocks.investopedia.com/stock-analysis/2011/Avago-Still-Advancing-AVGO-ADI-MCHP-TQNT-AAPL-RFMD-SWKS0825.aspx