Tag Archives: xlnx

Apple Chip Supplier Avago Tech Spikes On Buyout Talks

Apple (AAPL) iPhone chip supplier Avago Technologies (AVGO) has reportedly approached three peers for acquisition talks, which boosted shares of all parties Thursday. Avago Technologies has targeted Xilinx (XLNX), Maxim Integrated Products (MXIM) and Renesas Electronics (RNECY), according to Reuters sources, who added that the chipmaker could spend more than $10 billion on a potential buyout as it seeks to diversify. The news came out about a half

Xilinx Tumbles As Chipmaker Woes Continue

Semiconductor firm Xilinx (XLNX) plunged 6% Thursday after it issued a soft earnings report and outlook late Wednesday, in what is shaping up to be a bad earnings season for chipmakers. For the fiscal third quarter ended Dec. 27, Xilinx’s sales rose 1% over the year-earlier quarter to $593.5 million, $23 million below analysts’ consensus, according to Thomson Reuters. Earnings of 62 cents a share beat consensus by a penny, but that included a

Intel Seen Acquiring Broadcom, Targeting Wireless

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