Broadcom (BRCM -3.6%) is off on news of Samsung's purchase of most of rival CSR's (CSRE +29.9%)...

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

Broadcom (BRCM -3.6%) is off on news of Samsung's purchase of most of rival CSR's (CSRE +29.9%) mobile chip business, but has bounced from its lows. FBR defends Broadcom by noting its phone connectivity business only makes up 6%-10% of sales, and that CSR's chips will likely be aimed at low-end phones. Deutsche argues there isn't much near-term risk to sales, and that Broadcom's Wi-Fi/Bluetooth combo chips have performance and cost advantages over CSR's discrete solutions.