Seeking Alpha

Broadcom Corporation (BRCM)

  • Apr. 22, 2013, 5:35 PM
    | Comment!
  • 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%.
    | Comment!
  • 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.
    | Comment!
  • 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.
  • 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.
    | Comment!
  • 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.
    | Comment!
  • 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)
    | Comment!
  • 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)
  • 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.
  • Mar. 14, 2013, 7:36 PM
    Live from New York, it's the Samsung (SSNLF.PK) Galaxy S IV. Mobile chief JK Shin has unveiled Samsung's new flagship device, which happens to look a lot like its predecessor. The S IV, said to support every 4G LTE band, will go on sale in late April (U.S. availability might take longer). The expected 5" 1080p display and 13MP camera are there, the next-gen 802.11ac Wi-Fi standard is supported (could be a positive for BRCM), and infrared, temperature, and humidity sensors are thrown in. A variety of camera tricks/gimmicks are provided, including the ability to simultaneously record video from both cameras. (live blog) (previous)
  • Mar. 13, 2013, 12:39 PM
    The Forensic Accounting ETF (FLAG) rolls out new names given "A" and "F" ratings after a check of the books. Those getting top scores are LMT, ANF, and BRCM, while those failing are HD, F, COL, and TRIP. "Home Depot's revenue increase of 6% doesn't justify the stock's 23+ P/E ratio ... Ford has high and increasing cost of goods sold putting pressure on margins."
  • Mar. 11, 2013, 7:02 PM
    A new Broadcom (BRCM) digital cable adapter SoC makes it easier for cable video to be delivered to "Boxee boxes, smart TVs and other types of IP-connected video devices," Light Reading observes. The BCM7576's integration of an IP mini server allows it to decrypt content so that it can be shuffled around home networks, and onto retail devices. The chip can also handle up to four video feeds using a single-tuner - current adapters often require multiple tuners. (PR)
    | Comment!
  • Mar. 11, 2013, 4:19 PM
    EZchip (EZCH +2.6%) had a roller-coaster ride after Kerrisdale Capital issued a report voicing concerns about Broadcom's (BRCM) entry into the carrier network processor market, arguing the company's ability to offer an end-to-end solution for line cards gives it an edge. Kerrisdale also warns of competition from Marvell's (MRVL) Xelerated unit, and argues EZchip's NPS processor will be at a manufacturing disadvantage relative to private Netronome. Shares rebounded after Feltl defended EZchip, asserting Broadcom's chips are handicapped by a lack of an integrated traffic manager, and noting Cisco and ZTE will use EZchip's NP-5 processor.
    | 1 Comment
  • Mar. 6, 2013, 9:40 AM
    More on Apple: Berenberg's Adnaan Ahmad has downgraded shares to Sell from Buy, while also cutting his rating on Samsung (SSNLF.PK). With smartphone growth now fueled by emerging markets, "Apple and Samsung margins are peaking and growth is going to be driven by the margin-dilutive mid-to-low-end segment," he argues. Also, Citi has cut its PT to $480, citing weaker iPhone 5 and regular iPad demand. Citi, which cut Apple to Neutral in December, now expects March and June quarter iPhone sales of 34M and 25M, below a consensus of 37M and 32M. AAPL -0.2%.
  • Mar. 6, 2013, 9:13 AM
    Foxconn has begun production of an iPhone 5S (AAPL) that looks much like the iPhone 5, claims Japanese blog MacOtakara, which has a mixed track record (I, II) with iScoops. MacOtakara also reports NTT DoCoMo (DCM) has slashed Android phone orders for the fall, which is fueling speculation an iPhone deal is on the way. Jefferies' Peter Misek argued last month preparation for March iPhone 5S production could be responsible for new iPhone order cuts. Possible/likely suppliers: CRUS, OVTI, SWKS, TQNT, AVGO, QCOM, BRCM, NTE, MFLX, LPL. (yesterday)
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.