Seeking Alpha

Broadcom Corporation (BRCM)

Show Summaries  |  Hide Summaries
  • Jun. 17, 2013, 2:32 PM
    With the help of Qualcomm (QCOM) silicon supporting the LTE-Advanced standard, Samsung (SSNLF.PK) is set to release a version of the Galaxy S4 that can deliver twice the download speeds of current models. GigaOm isn't too impressed, pointing out Samsung appears to be adopting a simple version of LTE-Advanced that offers a technique for pooling spectrum bands (carrier aggregation). Meanwhile, Reuters points out many analysts have lowered their S4 sales estimates to ~7M/month from a prior ~10M/month, following order cut reports. That could be pressuring Universal Display's (PANL -1.5%) shares. Qualcomm has an early lead in supporting LTE-Advanced, but Broadcom (BRCM) and Nvidia (NVDA) aren't far behind (I, II).
    | Comment!
  • Jun. 13, 2013, 7:10 PM
    Broadcom (BRCM) is refreshing its 3G baseband/app processor line ahead of the arrival of its first 4G baseband chip (announced in February, but no volume production until 2014). The new BCM23550 processor sports four 1.2GHz. CPUs, Broadcom's VideoCore image-processing/streaming tech, and easy integration with the company's Wi-Fi Bluetooth competition. It's aimed at low-end Android phones in emerging markets (an area still seeing enormous growth), and will face competition from Qualcomm (QCOM - just refreshed its emerging markets lineup) and MediaTek. (Dec. '12 announcements)
    | Comment!
  • Jun. 12, 2013, 1:46 PM
    Broadcom (BRCM -1.6%) tries to grab a bigger piece of the high-margin network processor (NPU) market by launching its XLP980 chip. Broadcom claims the XLP980, which leverages NetLogic and TSMC's 28nm process, can deliver 160 Gbps of throughput. The Linley Group's Bob Wheeler calls the XLP980 "a beast," and notes it has a head-start on a pending chip for Cavium's (CAVM) OCTEON III line, but cautions it could be limited to high-end applications. Broadcom (BRCM) also competes with EZchip (EZCH) in the NPU space. EZchip's NP-4 processor offers 100 Gbps of throughput; the NP-5 (due in 2014) reaches 240 Gbps. (PR)
    | Comment!
  • Jun. 12, 2013, 11:47 AM
    Maxim joins JPMorgan and Susquehanna in reporting of Galaxy S4 weakness: analyst Ashok Kumar says Samsung (SSNLF.PK) is cutting shipments due to weak sales and rising channel inventory, and that checks indicate consumers are opting for the cheaper Galaxy S III. He thinks touch controller supplier Synaptics (SYNA -2.7%) could be affected; others possibly at risk include ATML, RFMD, BRCM, PANL, TQNT, ANAD, and SWKS. As far as suppliers go, much still depends on how much demand is simply shifting to mid-range phones, or to rival high-end devices such as HTC's One, Sony's Xperia Z, LG's Optimus G, and Lenovo's K900.
  • Jun. 7, 2013, 9:33 AM
    Topeka launches coverage on the chip sector. NXP (NXPI -1.5%), Broadcom (BRCM +1.3%), Amkor (AMKR +0.5%), Freescale (FSL -0.5%), and Rambus (RMBS +0.5%) have been started at Buy, and ARM (ARMH -2.1%), Qualcomm (QCOM -2%), Applied Micro (AMCC +0.3%), and Mellanox (MLNX +1.9%) have been started at Hold. Mellanox isn't exactly a chip stock, though the company does use internally-developed ASICs in its adapter cards and switches. Qualcomm may be pressured this morning by reports of Samsung Galaxy S4 order and forecast cuts (I, II)
    | 1 Comment
  • Jun. 6, 2013, 4:27 PM
    Samsung (SSNLF.PK) has been meeting with investors to temper Galaxy S4 expectations, and the consensus for Q2 and Q3 S4 sales has fallen to 20M/quarter from a prior 25M and 30M, writes Susquehanna. The firm adds Samsung is now placing a greater emphasis on mid-range sales (Chinese OEMs have been competing aggressively here), and sees lower S4 estimates as a negative for Broadcom (BRCM) and Maxim (MXIM). PANL, RFMD, SYNA, and ANAD could also be affected. On the flip side, Canaccord believes S4 sales have passed iPhone sales at Verizon, Sprint, and T-Mobile USA, and RBC offered an upbeat forecast last week.
  • May 30, 2013, 7:02 PM
    Galaxy S4 sales will top 20M in Q2 and 80M by year's end, estimates RBC, citing checks indicating strong U.S. demand. If Samsung (SSNLF.PK) pulls that off, it would be on its way to hitting its target of 100M lifetime sales. RBC also expects industry smartphone sales to rise 27% this year to 870M, and 20% in 2014 to 1B+. Meanwhile, a Russian site reports Samsung's June 20 London event will reveal the Galaxy S4 Zoom, a 4.3" phone sporting a 16MP camera with a 10x optical zoom, and the Galaxy S4 Active, a water/dust-proof S4 variant sporting a Qualcomm (QCOM) Snapdragon 600 CPU. Samsung's just-launched S4 Mini uses a Snapdragon 400. Other S4 suppliers: PANL, SYNA, ATML, RFMD, BRCM, ANAD, SWKS, TQNT.
  • May 29, 2013, 6:23 PM
    Already a giant in the mobile and PC connectivity chip markets, Broadcom (BRCM) is hoping two new chips - the BCM4390 Wi-Fi SoC and BCM20732 Bluetooth SoC - will grow its share of the burgeoning embedded market. Broadcom argues the BCM4390's low power draw and feature set make it ideal for microcontroller-powered embedded devices such as thermostats and security cameras, and that the BCM20732's power draw and built-in software make it a good fit for products such as heart monitors and pedometers. GigaOm notes Broadcom is pitching Wi-Fi and Bluetooth as alternatives to the low-power ZigBee standard.
    | Comment!
  • May 28, 2013, 4:17 PM
    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.
    | Comment!
  • May 28, 2013, 9:47 AM
    Broadcom (BRCM -0.7%) is missing out on today's early gains after receiving a downgrade to Neutral from Susquehanna. Shares took off last month in response to a Q1 beat and solid Q2 guidance after treading water for months in the face of a market rally (no doubt thanks to Apple-related concerns)
    | Comment!
  • May 17, 2013, 11:27 AM
    Galaxy S4 sales will top 10M next week (less than a month after launching), says Samsung (SSNLF.PK) co-CEO Shin Jong-kyun. The Galaxy S III took 50 days to crack 10M. Samsung thinks S4 sales could eventually reach 100M, or twice the 50M the S III has seen over its lifetime. Suppliers with decent exposure: RFMD, ANAD, PANL, QCOM, BRCM, SYNA.
  • May 16, 2013, 10:49 AM
    Plenty of Cisco rivals and suppliers are now rallying in response to the company's FQ3 beat, guidance, and order activity: JDSU +5.2%. RKUS +5.8%. CAVM +4.8%. PKT +2.9%. ADTN +2.6%. ALLT +1.9%. FN +2%. FNSR +2.4%. BRCM +1.3%. MRVL +1.6%. (previous)
    | Comment!
  • May 15, 2013, 7:25 AM
    Broadcom Corporation (BRCM) declares $0.11/share quarterly dividend, in line with previous. Forward yield 1.20%. For shareholders of record May 31. Payable June 17. Ex-div date May 29. (PR)
    | Comment!
  • May 10, 2013, 1:11 PM
    The next Nexus 7 (expected to be unveiled next week at the Google I/O conference) will feature a 1900x1200 display, Qualcomm's (QCOM) quad-core APQ8064 app processor, a Broadcom (BRCM) Wi-Fi/Bluetooth combo chip and NFC chip, and dual cameras, reports KGI Securities. This more or less matches past reports. But VR-Zone says a top-of-the-line Qualcomm Snapdragon 800 chip will be used. KGI, generally good with Apple rumors, also expects Google (GOOG) to unveil an Android laptop (no Chrome OS?), a set-top for Web streaming, and a smartwatch (previous), but not at I/O.
    | Comment!
  • May 4, 2013, 3:52 PM
    Barron's is out with its list of the 500 financially strongest companies as ranked after a rigorous cash and sales analysis. A quick filter on the list shows a good chunk of the names trade with a single-digit price to earnings ratio including Goodyear Tire & Rubber (GT). Despite all the buzz about booming auto sales in the U.S. and China, concerns about growth for Goodyear's products in other regions of the globe have lowered expectations. But with auto sale estimates for full-year being taken higher, Goodyear could see enough consistent revenue growth to justify a higher trading multiple. (Top 25: AAPL, WCC, WDC, DVA, CHRW, QCOM, JOY, V, STX, MRC, MA, CVI, COF, SYMC, MCK, WCG, ETN, BRCM, TMO, CI, CBI, NOV, WNR, HFC, DK)
  • May 1, 2013, 10:18 AM
    A revenue miss and soft guidance lead Entropic (ENTR -14.9%) to plunge towards its 52-week low. On its earnings call, the set-top/home networking chipmaker guided for Q2 revenue of $70M-$73M and EPS of $0.00, below a consensus of $77.3M and $0.01; management blamed "seasonal softness" in carrier demand and "continued revenue pressure" for its set-top SoC ops as a cable provider works through its digital adapter inventory. Needham has cut shares to Hold. Entropic is seeing intensifying competition from Broadcom (BRCM), which on its Q1 call stated broadband chip sales rose 9% Y/Y, with set-top growth offsetting lower Chinese modem shipments.
    | Comment!
Visit Seeking Alpha's
BRCM vs. ETF Alternatives
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.