It is my belief that shares of Broadcom (BRCM) are extremely undervalued and have 30% near-term upside as shares are set to rebound significantly over the coming quarters.
Broadcom is a fabless semiconductor that focuses primarily on developing networking and communications integrated circuits for a wide variety of applications including data, voice, and video. The company's operating segments can be distilled as follows:
- Mobile and Wireless (48% of revenue in FY2012)
- Broadband Communications (28% of revenue in FY2012)
- Infrastructure and Networking (23% of revenue in FY2012)
The numbers do not add up to 100% as in FY2012, the company had a fourth operating segment known as "Other" which comprised roughly 2% of FY2012 revenue. This segment...
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