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Monday July 21, 11:38 am ET By Abdul Saleh Amphenol Corporation (NYSE: APH - News ) reported record revenues of $847 million in Q2:FY08, exceeding the Street's consensus of $816 million, on the back of strong growth in the interconnect segment. Given the recent run-up in the stock, we maintain our Hold rating with a target price of $49. The company's top-line growth is benefiting from improved end-market demand, new product rollouts, and market share gains. We remain optimistic about Amphenol's long-term growth prospects in the mobile devices business. The company continues to expand the use of its products into fast-growing sub-markets such as PDAs, laptops, and desktop computers. The company's top-line growth is benefiting from improved end-market demand, new product rollouts, and market share gains. We remain optimistic... [read full story]
