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Broadcom (BRCM) late Tuesday said it would wind down its cellular baseband chip business and lay off about 2,500 employees, sending its stock to a more than three-year high. The move removed uncertainties, as the company also has mulled selling the unit. Broadcom stock was flat in afternoon trading in the stock market today. Earlier, though, Broadcom stock rose more than 5% to its highest level since April 2011. In the company’s conference call Scalper1 News
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