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Broadcom Corporation (BRCM)

- NASDAQ
  • Apr. 27, 2013, 11:03 AM
    Qualcomm (QCOM) managed to get 6 chips in the U.S. version of Samsung's (SSNLF.PK) Galaxy S4, per iFixit's teardown: the high-end APQ8064 app processor, a 4G baseband chip, an audio codec chip, an RF transceiver (beating out SIMO), and 2 power management ICs; the U.K. version uses a Snapdragon 600 baseband/app processor. Also found: a MXIM microcontroller, an SIMG video transmitter, a SWKS 2G power amplifier module, a BRCM NFC chip (likely to go with a combo chip), ATML and SYNA touch controllers, and Toshiba (TOSBF.PK) NAND flash (previous). (Chinese S4 teardown) (Galaxy S III teardown) (also)
    | 4 Comments
  • Apr. 24, 2013, 1:31 PM
    Samsung's (SSNLF.PK) Galaxy S IV is a superb phone, if one can cope with a cheap plastic feel and too many gimmicks. That seems to be the consensus from the first full reviews. The Verge praises the S IV's display, camera, and performance, but still considers the HTC One a better bet. "The Galaxy S4 is fast and impressive, but it's also noisy and complex." TechCrunch and Gizmodo deliver similar takes. But others (I, II) make the case that more is ultimately better (this mindset has worked for Samsung thus far). The reviews arrive as Sprint and T-Mobile state their S IV launches will be delayed due to inventory issues. Key suppliers: QCOM, BRCM, SYNA, PANL, ATML, RFMD, TQNT. (previous)
    | 23 Comments
  • Apr. 24, 2013, 12:28 PM
    Are wireless chip stocks decoupling from Apple? Even with Apple off slightly as bleak June quarter guidance outweighs fresh capital returns, iPhone/iPad combo chip supplier Broadcom (BRCM +6.6%) is surging thanks to a Q1 beat and strong Q2 guidance, and is helping out some peers - QCOM +1.4%, SWKS +2.6%, INVN +1.8%, SNDK +1%. During its earnings call, Broadcom, which also provides combo chips for many Samsung phones, stated mobile chip sales only fell 1.6% Q/Q in seasonally weak Q1, and forecast sequential growth for the business (Apple-dependent Cirrus Logic sure isn't doing the same). Qualcomm reports after the close.
    | 4 Comments
  • Apr. 23, 2013, 5:48 PM
    After-hours top gainers, as of 5:15 p.m.: IRBT +14%. ENZN +7%. YUM +6%. BRCM +5%. AAPL +5%.
    After-hours top losers: VOCS -30%. UIS -16%. DV -12%. AWAY -8%. PNRA -6%.
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  • Apr. 23, 2013, 4:10 PM
    Broadcom (BRCM): Q1 EPS of $0.65 beats by $0.09. Revenue of $2.01B (+10% Y/Y) beats by $100M. Expects Q2 revenue of $2.1B (+/- 4%), favorable to a consensus of $2.05B. Shares +2.7% AH. CC at 4:45PM ET (webcast). (PR)
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  • Apr. 23, 2013, 12:10 AM
    Notable earnings after Tuesday’s close: AAPL, ACC, AMGN, AWAY, BCR, BRCM, CREE, DV, EW, FBC, FTI, HA, HBI, HLIT, HTS, IRBT, ITC, JNPR, LIFE, NBR, NFX, NSC, OI, OII, OMI, PACB, PLCM, PNRA, RFMD, RHI, T, UIS, USNA, VMW, WRB, YUM, ZIXI
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  • Apr. 22, 2013, 5:35 PM
    Notable earnings after Tuesday’s close: AAPL, ACC, AMGN, AWAY, BCR, BRCM, CREE, DV, EW, FBC, FTI, HA, HBI, HLIT, HTS, IRBT, ITC, JNPR, LIFE, NBR, NFX, NSC, OI, OII, OMI, PACB, PLCM, PNRA, RFMD, RHI, T, UIS, USNA, VMW, WRB, YUM, ZIXI
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  • Apr. 17, 2013, 12:26 PM
    Chip stocks have a rough day (SOXX -2.8%) following Cirrus Logic's warning, light guidance from Linear Technology (LLTC -4.6%) to go with a Q1 beat - Linear sees 1%-4% Q/Q revenue growth for calendar Q2, below a 4.7% consensus - and ho-hum Q1 results/Q2 guidance from Intel. Apple suppliers Broadcom (BRCM -4%), Avago (AVGO -5.5%), STMicroelectronics (STM -6.7%), NXP (NXPI -7%), RF Micro (RFMD -2.8%), and OmniVision (OVTI -3.3%) are among the casualties, but they're far from alone. ANAD -6.2%. STM -5.7%. FSL -5%. ADI -4.5%. TXN -4.4%.
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  • Apr. 11, 2013, 5:48 PM
    "The move to digital audio/video and the rise of powerful smartphones/tablets is shrinking the overall [semiconductor addressable market]," writes Barclays' Blayne Curtis in a gloomy note about chip stocks influenced by ugly Q1 PC data. "The growth profile in semis is much slower than many expect (low single digits vs. the 7-8% 20yr trend line)." Curtis has cut Broadcom (BRCM) by two notches to Underweight on a belief its combo chip business could be hurt by integrated platforms (ed: Broadcom seems to have a tech edge for now), but has left his other ratings intact.
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  • Apr. 5, 2013, 6:19 PM
    J.P. Morgan's Thomas Lee notes that several laggards in the first quarters of 2009-12 rebounded in Q2, so he figures select tech stocks look appealing now. Tech's forward P/E ratio is below the market's for the first time in 17 years, Lee says. His most noteworthy call is to buy Apple (AAPL), which slid 16% Q/Q. Some other favorites: BRCM, CHKP, ESRX, MYL, TASR, CHS, F, COF.
    | 14 Comments
  • Apr. 2, 2013, 12:04 PM
    More on Raymond James' upgrade of Qualcomm (QCOM +0.3%): Analyst Tavis McCourt thinks concerns about 4G baseband chip competition (from Broadcom, Nvidia, etc.) are overblown. Whereas rivals will be offering basebands built on 28nm processes in 2014, Qualcomm will have moved to 20nm, McCourt argues. His remarks come as a Taiwanese paper reports TSMC (TSM) is ahead of schedule in installing 20nm gear, and hopes to start volume production in Q3. Nvidia's Logan app processor (due in 2014) will use a 20nm process, but its Tegra 4i baseband/app processor is at 28nm.
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  • Mar. 27, 2013, 2:52 PM
    Broadcom's (BRCM +0.6%) 4G LTE baseband modem puts the chipmaker "in a position to emerge as a leading alternative supplier of LTE modems in 2014 to the high- to mid- tier smartphone segment," proclaims BMO's Ambrish Srivastava. Last month, RBC argued the chip, which won't ship until 2014, could allow Broadcom to displace market leader Qualcomm (QCOM) as Apple's basbeand supplier. Broadcom, which has invested a fortune in baseband R&D (with mixed results), has been trumpeting the chip's size and power draw.
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  • Mar. 26, 2013, 5:29 PM
    Broadcom (BRCM) sales chief Thomas Lagatta is resigning from his position at the end of the month, and will retire from Broadcom at year's end. Michael Hurston, the GM for Broadcom's very successful mobile combo chip business, will replace Lagatta. (PR)
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  • Mar. 26, 2013, 2:29 PM
    Following the lead of VMware's (VMW) Nicira unit, startup Big Switch Networks is rolling out a software-defined networking (SDN) platform it argues will cut dependence on proprietary switches from the likes of Cisco (CSCO) and Juniper (JNPR). Big Switch's platform, called Switch Light, can be used either with commodity switches running on BRCM chips, or "virtual" switches running Linux (BRCD has ambitions here). Unlike Nicira, which only partly leverages the OpenFlow SDN standard, Big Switch is fully throwing its weight behind OpenFlow, and is offering an open-source version of Switch Light to drive its adoption. (FBR)
    | 3 Comments
  • Mar. 18, 2013, 11:54 AM
    Samsung's Galaxy S IV uses a Broadcom (BRCM +0.9%) NFC chip rather than an NXP (NXPI -3.3%) part, NFC Times confirms in a column that seems to be pressuring NXP shares - some already suspected a Broadcom chip is being used. The site adds Broadcom's part works in tandem with an STMicroelectronics (STM +3.8%) memory chip to enable NFC payment apps from Visa and MasterCard. NXP supplies the NFC chip found in the Galaxy S III and is still the market's leading vendor, but Broadcom's design win rate has been picking up lately.
    | 1 Comment
  • Mar. 15, 2013, 1:38 PM
    A Chinese site has already torn down a local version of Samsung's Galaxy S IV. Discovered parts include a Qualcomm (QCOM) 3G baseband chip, an Intel (INTC) baseband chip and RF transceiver, TriQuint (TQNT) and Skyworks (SWKS) power amplifiers, Synaptics (SYNA) and Atmel (ATML) controllers, and a Broadcom (BRCM) GPS receiver. A Qualcomm baseband/app processor is expected in the U.S. version. RBC thinks thinks 70M S IV units could be sold this year, and sees Broadcom (NFC chip and a combo chip with high-speed Wi-Fi to go with the GPS chip) and Maxim (MXIM - power management and infrared chips) benefiting.
    | 4 Comments
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Company Description
Broadcom Corp is provider of semiconductors for wired and wireless communications. It provides a portfolio of SoCs that seamlessly deliver voice, video, data and multimedia connectivity in the home, office and mobile environments.