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 To Buy Fiber Access Chip Maker BroadLight For $195 Million

DOW JONES NEWSWIRES Broadcom Corp. (BRCM) agreed to acquire BroadLight Inc., a closely held provider of fiber access passive optical network processors, for about $195 million as it looks to expand its broadband-access portfolio for next-generation fiber networks. The semiconductor company said the increased bandwidth needed for Internet Protocol television services, high-definition TV broadcasting and high-speed Internet access is driving momentum for deploying fiber networks. "Combining BroadLight's PON solutions with the strength of Broadcom's broadband access portfolio will enable us to offer a complete, end-to-end solution for customers," said Dan Marotta, executive vice president and general manager of Broadcom's broadband communications group. BroadLight, established in 2000, is based in Herzliya, Israel, and has offices in Santa Clara, Calif., China, Taiwan and Korea. Broadcom may pay up to an additional $10 million in cash for certain performance goals. The company expects to close the deal during the second quarter and said it will be roughly neutral to 2012 earnings. Broadcom reported in January its fourth-quarter profit fell 4.5% as revenue fell a less-than-expected 6.4%. The provider of chips for set-top boxes, networking and smartphones provided strong sales guidance for the first quarter, likely benefiting from its exposure to smartphone makers Apple Inc. (AAPL) and Samsung Electronics Co. (005930.SE, SSNHY). Shares closed Tuesday at $38.39 and were inactive premarket. The stock is up 31% so far this year. --By Melodie Warner, Dow Jones Newswires; 212-416-2283; melodie.warner@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: -2-
11/15/201308:12:57Fidelity Management & Research Co. 3Q 13F: Holdings As Of Sep...
11/15/201307:59:25Soros Fund Management 3Q 13F: Largest Purchases
11/15/201307:59:24Soros Fund Management 3Q 13F: Holdings As Of Sep 30
11/15/201307:59:24Soros Fund Management 3Q 13F: Holdings As Of Sep -2-
11/15/201307:11:09AQR Capital Management 3Q 13F: Largest Purchases -2-
11/15/201307:11:09AQR Capital Management 3Q 13F: Largest Purchases
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