The leader in automotive and power semiconductors is undervalued, in our view.
We expect U.S.-China trade talks to lead to greater end product demand down the road.
At this point, it looks like more a blip than a roadblock.
Online media also looks like a compelling value.
The market pullback has created opportunities for long-term investors.
It remains an industry leader in RF chips with an improving position in 5G.
Cloud computing, trade wars, and M&A remain hot topics in the tech sector.
We see the short-term sell-off as a long-term buying opportunity.
We may lower our fair value estimate on VMWare once the $11 billion dividend is paid to reflect the major hit to its cash balance.