With chip companies in the analog (like Analog Devices (NYSE:ADI), wireless (like Broadcom (Nasdaq:BRCM), and other spaces reporting relatively unspectacular near-term demand, it's no great surprise or disgrace that Altera (Nasdaq:ALTR)
finds itself in the same boat. While the idea that the programmable
logic device (PLD) market should be growing about twice as fast as the
overall chip market has been flogged for years (probably nearly to the
point of death), it's not sparing Altera from the sluggish conditions in
the wireless capex, industrial/auto, or networking verticals. Even so,
for a stock that has often seemed expensive to me, this could be an
interesting window of opportunity.
Read the full piece here:
http://www.investopedia.com/stock-analysis/052813/summer-window-opportunity-altera-altr-xlnx-intc-lscc.aspx
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