ADVFN - Advanced Financial Network.
HOME» NASDAQ » B » BRCM Stock Price » BRCM Stock News

Broadcom Share News

 Broadcom (mm) Stock Price
BRCM Stock Price
 Broadcom (mm) Stock Chart
BRCM Stock Chart
 Broadcom (mm) Stock News
BRCM Stock News
 Broadcom (mm) Company Information
BRCM Company Information
 Broadcom (mm) Stock Trades
BRCM Stock Trades

Broadcom Gives More Upbeat View For 4Q; Shares Up

DOW JONES NEWSWIRES Broadcom Corp. (BRCM) provided a more upbeat view for the fourth quarter as the chip maker cited solid shipments and tight operational management. The company, which gave the update at its analyst day in New York on Wednesday, now expects revenue at the high end of its October projection of $1.7 billion to $1.8 billion, a view that was below analysts' expectations at the time. Shares were up 6.4% at $30 in recent premarket trading. The stock through Tuesday's close is down 35% this year. The Irvine, Calif., company--which provides chips for set-top boxes, and wireless and connectivity processors used in Apple Inc. (AAPL) products--in October had warned demand across its business segments would be hurt amid economic uncertainty and a broader industry slowdown. Broadcom on Wednesday also provided a more upbeat view for its product gross margins and overhead costs. The company now expects margins will be roughly flat with the third quarter, compared with its earlier estimate for margins to be down slightly to flat. The company also expects that overhead costs, which include research and development expenses, will decline by $5 million from the third quarter, compared with the earlier expectation that they would be unchanged. Companies across the chip sector have lowered their outlooks in recent days after the worst flooding in decades in Thailand dismantled or damaged a large chunk of the world's hard-drive manufacturing operations, causing a slowdown in PC production and the need for fewer chips by computer makers. Though Chief Executive Scott McGregor said in October that the severe flooding in Thailand is significant for the hard-disk drive industry and could hurt PCs, data center products and personal video recorders that use hard-disk drives, he added Broadcom likely wouldn't be affected as much as other companies. Broadcom in October reported that third-quarter earnings fell 21% as a series of one-time charges masked a better-than-expected core profit driven by broad-based revenue growth. --By Tess Stynes, Dow Jones Newswires; 212-416-2481; Tess.Stynes@dowjones.com

Stock News for Broadcom (BRCM)
DateTimeHeadline
07/08/201400:30:50New Tech Group Joins Crowded Field to Set Rules for 'Internet...
06/25/201416:45:11TECH STOCKS: Google, Zulily Lead Tech Gains
06/25/201416:20:26TECH STOCKS: Google, Zulily Gain In Mixed Day For Tech Stocks
06/10/201416:51:30TECH STOCKS: Apple, EBay Diverge In Mild Tech Trading
06/10/201416:36:10TECH STOCKS: Apple Inches Upward; EBay Falls
06/03/201416:58:24TECH STOCKS: Apple, Twitter Shares Rally, Lifting Techs
06/03/201411:09:07TECH STOCKS: Apple, Twitter Shares Rally Lifting Techs
06/02/201417:04:58TECH STOCKS: Apple Slips As It Unveils IOS8; Broadcom Rises
06/02/201416:54:18MARKET SNAPSHOT: U.S. Stocks Inch Up; S&P 500, Dow At Record
06/02/201415:05:28Broadcom Explores Cellular Baseband Options -- 2nd Update
06/02/201413:25:07MARKET SNAPSHOT: U.S. Stocks Regain Footing After ISM Corrects...
06/02/201411:34:12Broadcom Explores Cellular Baseband Options -- Update
06/02/201411:30:24MARKET SNAPSHOT: U.S. Stocks Turn Lower On Weak Manufacturing...
06/02/201410:47:15TECH STOCKS: Apple Slips Ahead Of WWDC; Broadcom Rises
04/25/201409:28:46U.S. Hot Stocks: Hot Stocks to Watch
04/24/201417:01:17Broadcom's Profit Slips
02/19/201409:51:22U.S. Stocks: Hot Stocks to Watch
02/18/201417:15:12Broadcom To Sell Assets to QLogic in $147 Million Deal
01/30/201417:07:33Broadcom Profit Falls 33% but Beats Expectations
12/23/201311:05:06TECH STOCKS: Apple's China Mobile Deal Spurs Tech Action

Broadcom and other NASDAQ stock quotes are delayed by at least 20 minutes.
All other stock price and quote data is delayed by at least 15 minutes unless otherwise stated. By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions
Contact Us | Copyright 1999-2007 ADVFN PLC. | Privacy Policy | Investment Warning | Data accreditations | Investor Relations

ADVFNADVFN ItalyADVFN GermanyADVFN FranceADVFN BrazilADVFN JapanADVFN UKADVFN US noad