MXL - Expectations Not Competition Remain Inphi's Biggest Near-Term Threat

I've had my issues with Inphi's (IPHI) valuation, as you have to stretch and look at what the market has historically been willing to pay for exceptional growth to drive an estimate of fair value, but I've had no issue with the performance of the company. In a quarter where even many tech companies saw significant revenue declines, Inphi more than doubled revenue on the back of strong demand in data centers and telecom, and demand for leading-edge data center solutions doesn't seem to be flagging.

It's possible to argue that Inphi shares

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