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ZTE To Buy At Least US$5 Billion Worth Of Chipsets From Qualcomm, Broadcom

HONG KONG -(Dow Jones)- ZTE Corp. (ZTCOY, 000063.SZ, 0763.HK) has agreed to buy at least US$5 billion worth of chipsets from U.S.-based Qualcomm Inc. (QCOM) and Broadcom Corp. (BRCM) over the next few years, China's second-largest telecom equipment maker said Monday. ZTE has signed a framework agreement to buy at least US$4 billion worth of chipsets from Qualcomm, which makes chipsets and other technology used in wireless phones, between 2012 and 2015. It also agreed to buy at least US$1 billion worth of chipsets from California-based Broadcom over between 2012 and 2014, the Hong Kong and Shenzhen-listed equipment maker said in a statement. -By Joanne Chiu, Dow Jones Newswires; 852-2802-7002; joanne.chiu@dowjones.com

Stock News for Broadcom (BRCM)
DateTimeHeadline
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04/29/201508:00:00Broadcom Announces Family of 5G WiFi Wave 2 Solutions for Enterprise...
04/28/201508:00:00Broadcom Announces Industry's First Ultra HD Devices with NAGRA...
04/26/201503:53:46Broadcom Rating Reiterated by Oppenheimer (BRCM)
04/26/201503:01:05Broadcom's "Outperform" Rating Reaffirmed at FBR & Co. (BRCM)
04/22/201519:00:02Broadcom Corporation Delivers Strong Results
04/22/201510:49:33Broadcom Price Target Raised to $60.00 (BRCM)
04/22/201510:49:31Broadcom PT Raised to $46.00 at Barclays (BRCM)
04/22/201510:13:21Broadcom Rating Reiterated by Deutsche Bank (BRCM)
04/22/201510:12:27Broadcom PT Set at $50.00 by Credit Suisse Group AG (BRCM)
04/22/201510:12:25Benchmark Co. Boosts Broadcom Price Target to $45.00 (BRCM)
04/22/201510:12:23Broadcom Price Target Raised to $55.00 (BRCM)
04/22/201508:00:00Broadcom to Present at Upcoming Conferences
04/22/201506:25:09Broadcom Receives Hold Rating from Canaccord Genuity (BRCM)
04/22/201504:49:23Broadcom PT Raised to $54.00 at Susquehanna (BRCM)
04/22/201503:41:12Topeka Capital Markets Raises Broadcom Price Target to $53.00...
04/22/201503:41:10Broadcom Given New $52.00 Price Target at Cowen and Company (BRCM)
04/22/201503:07:01Broadcom Given New $59.00 Price Target at Brean Capital (BRCM)
04/22/201503:06:58Broadcom Given New $56.00 Price Target at RBC Capital (BRCM)
04/21/201517:09:37Broadcom Earnings Rise 27% in First Quarter

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