Scalper1 News
Communications chipmaker Broadcom has received a positive report from investment bank Canaccord Genuity over its decision to exit the cellular baseband business. The action will remove a significant drain on overall profitability and free up management attention and available cash to invest in more profitable areas, Canaccord analyst Matthew Ramsay said in a research note late Monday. Ramsay resumed coverage of Broadcom (BRCM) with a buy rating Scalper1 News
Scalper1 News