As the semiconductor sector has come under pressure, MaxLinear (MXL)
has held up okay since the company's "kitchen sink" second quarter and
stable third quarter (even if stable at a lower level). Looking into
2019, while MaxLinear has a lot of work to do to repair its reputation
and restore confidence in the long-term growth story, the company at
least won't be contending with weaker trends in autos or handsets, and
the lead-time-related disruption to sales and order trends are likely to
be significantly less impactful here than at other chip companies.
The
MaxLinear story still rests on believing in a significant revenue ramp
in the coming years, driven largely by 5G (RF transceivers and
millimeter modems), front-end optical (metro and data center), and data
center interconnects. The potential is there, and the share price today
still offers upside, but "potential" is a word that can lose you a lot
of money if it's not followed by execution.
Continue here:
MaxLinear Marking Time Ahead Of Game-Changing Product Ramps
