There aren't too many beat-and-raise earnings stories in the semiconductor space these days, so Avago's (Nasdaq:AVGO)
fiscal second quarter report is all the more impressive. Better still,
the company not only has a strong position in next-gen smartphones
(through its dominance of the FBAR market), but can look forward to
recoveries in networking and industrial demand over the coming year.
While Avago isn't a shockingly cheap stock today, it looks like a good
mix of growth, quality, and value.
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