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: US Court Approves Ban On Sales Of Some Emulex Products

DOW JONES NEWSWIRES Broadcom Corp. (BRCM) said a federal court granted a permanent injunction to halt U.S. sales of some of Emulex Corp.'s (ELX) products that earlier were found to infringe on two of Broadcom's patents. Emulex, a networking and storage company, said it is continuing to implement design changes for products affected by the decision and will set aside an additional $600,000 for impacts related to the case for its fiscal third quarter. The latest charges are in addition to those recorded for its fiscal first quarter. Broadcom--a provider of chips for set-top boxes, networking and smartphones--said Emulex products affected by the decision include the BladeEngine2 and BladeEngine3 Ethernet controllers and Lancer chips used in some adapter products. The ban also covers some fibre channel switch products. Emulex said U.S. revenue related to the products represented about 5% of its fiscal second-quarter earnings. The injunction also includes a so-called sunset period in which Emulex can continue some sales of products that had firm orders before the period begins. During the 18-month sunset period, Broadcom will receive a royalty of 9% on sales of any products covered in the injunction. Broadcom in January reported better-than-expected fourth-quarter revenue and provided strong sales guidance for the current period, likely benefiting from its exposure to Apple Inc. (AAPL) and helping to alleviate some fears about mobile-market weakness. Emulex in January reported that it swung to a fiscal second-quarter profit following a year-earlier write-down, while sales of its data-storage products surged. Broadcom shares were up 1.6% at $38.43 in premarket trading. Through Friday's close, the stock is up by 29% this year. Emulex shares closed Friday at $10.28 and were inactive premarket. The stock is up about 50% this year. --By Tess Stynes, Dow Jones Newswires; 212-416-2481; Tess.Stynes@dowjones.com

Stock News for Broadcom (BRCM)
DateTimeHeadline
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
01/31/201409:32:15U.S. Hot Stocks: Hot Stocks to Watch
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
12/10/201317:25:58TECH STOCKS: Twitter At New High After Releasing Ad-targeting...
12/10/201309:33:06U.S. Hot Stocks Futures: Hot Stocks to Watch
12/05/201311:08:09TECH STOCKS: Apple Gains On China News; Chips Lift Techs
11/15/201308:55:36Highbridge Capital Management 3Q 13F: Holdings As -2-
11/15/201308:55:35Highbridge Capital Management 3Q 13F: Holdings As Of Sep 30
11/15/201308:12:57Fidelity Management & Research Co. 3Q 13F: Holdings As Of Sep...
11/15/201308:12:57Fidelity Management & Research Co. 3Q 13F: -2-
11/15/201307:59:25Soros Fund Management 3Q 13F: Largest Purchases
11/15/201307:59:24Soros Fund Management 3Q 13F: Holdings As Of Sep -2-
11/15/201307:59:24Soros Fund Management 3Q 13F: Holdings As Of Sep 30
11/15/201307:11:09AQR Capital Management 3Q 13F: Largest Purchases
11/15/201307:11:09AQR Capital Management 3Q 13F: Largest Purchases -2-
11/15/201307:04:50Bridgewater Associates LP 3Q 13F: Holdings As Of -2-
11/15/201307:04:49Bridgewater Associates LP 3Q 13F: Holdings As Of Sep 30
11/15/201307:04:38Bridgewater Associates LP 3Q 13F: Largest Sales

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