Next-generation products could provide a lift for Broadcom’s (BRCM) wireless business in the second half of 2014, analysts say, with the chipmaker also expected to gain from its push into high-speed communications networks. Broadcom stock rose Friday after the chipmaker late Thursday reported Q4 revenue and EPS narrowly ahead of lowered analyst expectations amid slowing growth for smartphone makers Samsung and Apple (AAPL). Broadcom’s Q4 profit
Intel (INTC) might acquire Broadcom (BRCM) to speed up its expansion into wireless and communications networking, speculates Nomura Securities in its 2014 semiconductor outlook. Nomura analyst Romit Shah also upgraded Micron Technology (MU) and Xilinx (XLNX) to buy ratings and downgraded Texas Instruments (TXN) and SanDisk (SNDK) to sell. He upgraded Intel to neutral. “Intel’s guidance seems doable for the first time in a while,” wrote Shah in a
Cautious optimism might be the best way to sum up analyst assessment of Broadcom (BRCM) following its annual analyst day meeting on Tuesday. The chipmaker raised its Q4 outlook and announced Samsung as a customer for its LTE baseband product. But analysts are not sure how much of a bump Broadcom will get from Samsung for its mobile and wireless business, which has seen lackluster growth this year. At the meeting, Broadcom said it expects Q4