Seeking Alpha: The Chip Recovery Is Underway At Xilinx

There's a saying that goes, "Once is happenstance, twice is coincidence, the third time is enemy action". With a small collection of chip company earnings in hand, it does look like the long-await recovering in semiconductors is at hand. As is so often the case, though, the markets have anticipated the reality and Xilinx (XLNX) shares have been bid up to something less than a full bargain.

An Encouraging Third Quarter
Certainly a little context is important when looking at Xilinx's report. For starters, while it was an encouraging report, results were still at the lower end of original (before the late-quarter revision from management) guidance range. It's also important to remember that sales were down - down 8% sequentially and 10% from last year.

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The Chip Recovery Is Underway At Xilinx