Seeking Alpha: Microsemi Gets A Pass On A Tough Quarter And Lousy Guidance

This has been a strange quarter for many tech stocks, as investors seem relatively willing to give a pass to unimpressive guidance for the first calendar quarter of 2013. That's fortunate for Microsemi (MSCC) shareholders, as this company not only posted a small miss and weak bookings for its quarter, but offered weak guidance for the next. Microsemi can be a maddening and frustrating stock to own, but if management stays on target with cost reductions and new product introductions, the long-term rewards could be well worth some white knuckles in the meantime.

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Microsemi Gets A Pass On A Tough Quarter And Lousy Guidance

Satellite Phones Head Into Orbit

Considering all the attention given to iPhones, Blackberries, 4G and other mobile phone topics, investors could be forgiven if they have forgotten that satellite phone systems still existed. Judging by the announcement last week that Iridium Communications (Nasdaq:IRDM) had awarded a major contract to build a new satellite network, the business not only still exists, but has money-making potential ahead of it. 

The New Deal 
On June 2, the satellite phone operator announced that it had awarded a contract for its Iridium NEXT project to a consortium led by France's Thales. The deal, which could be worth in excess of $3 billion, calls for the construction and launch of 72 low-orbit satellites starting in 2015. 


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http://stocks.investopedia.com/stock-analysis/2010/Satellite-Phones-Head-Into-Orbit-IRDM-BA-LMT-BLL-FSL-MOT-ORB0610.aspx