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  "documentTitle": "Monolithic Power Systems (MPWR)",
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  "authorName": "Ben Axler",
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  "presentationDate": "2019-10-09 00:00:00",
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      "text": "We operate in the cyclical semiconductor industry where there is seasonal demand for certain of our products. While we are not immune from current and future industry downturns, we have targeted product and market areas that we believe have the ability to offer above average industry performance over the long term.",
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      "text": "We believe a majority of Monolithic's end markets are tied to cyclical industries, with the exception perhaps of communications, which MPWR has been diversifying away from, and storage.",
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      "text": "We believe a majority of Monolithic's end markets are tied to cyclical industries, with the exception perhaps of communications, which MPWR has been diversifying away from, and storage. MPWR does not sell into more stable markets such as aerospace and defense, medical products and equipment, or power transmission / infrastructure markets, for example. Thus, we believe their exposure to cyclical end markets is above average.",
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      "text": "We operate in the cyclical semiconductor industry where there is seasonal demand for certain of our products. While we are not immune from current and future industry downturns, we have targeted product and market areas that we believe have the ability to offer above average industry performance over the long term. — MPWR 10-K",
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      "text": "Source: MPWR's 2018 10-K",
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      "text": "Context To Guidance And Ability To Relentlessly Meet Wall St. Expectations",
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