MaxLinear Marking Time Ahead Of Commercial Ramps In 2019/2020, But Spending Less

I've thought that MaxLinear (NYSE:MXL) held some potential for more risk-tolerant investors for some time, but I was surprised to see the strong (approximately 25%) move in the shares since my last update. Granted, chip stocks have done well over the past month, with the SOX up almost 20%, and I think investors liked the company's guidance for much better opex in 2019, but it's still worth noting that the growth story here is tied to wireless access, backhaul, and optical interconnect opportunities that won't really kick in until late this year and where MaxLinear has to show it can elbow aside established players like Analog Devices (ADI), Broadcom (AVGO), and Inphi (IPHI).

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MaxLinear Marking Time Ahead Of Commercial Ramps In 2019/2020, But Spending Less