In downgrading Broadcom (BRCM -1.4%) to Hold, analyst Chris Caso expressed concerns soft carrier...

|About: Broadcom Limited (AVGO)|By:, SA News Editor

In downgrading Broadcom (BRCM -1.4%) to Hold, analyst Chris Caso expressed concerns soft carrier capex will take a toll. Though chip sales for hardware used by carriers make up less than 10% of Broadcom's revenue, Caso points out they carry "the highest margins in BRCM's portfolio." He's worried China Mobile's (CHL +1.2%) giant 4G rollout could be delayed, given orders haven't yet been placed, CHL's 3G rollout was "beset by many delays," and Analog Devices (ADI) talked of delays during last week's earnings call.