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Stock Market & Financial Investment News

News Breaks
December 6, 2012
17:17 EDTAVGOAvago announces sale of 21,490,022 ordinary shares by holders
Avago Technologies announced the sale of 21,490,022 ordinary shares by certain existing shareholders, including our President and CEO and entities affiliated with certain directors, to Citigroup as underwriter in the registered public offering of those shares. All of the shares are being sold by existing shareholders identified in the prospectus supplement relating to the offering. Avago will not receive any proceeds from this offering other than approximately $1.5M in aggregate option exercise price proceeds from a selling shareholder who will exercise options for the purpose of selling shares in this offering.
News For AVGO From The Last 14 Days
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February 4, 2016
11:15 EDTAVGOBroadcom, Analog Devices seen as beneficiaries of cellular/Wi-Fi convergence
Shares of three companies involved in cellular and Wi-Fi technology -- Broadcom Limited (AVGO), Analog Devices (ADI), and Microsemi Corporation (MSCC) -- are all trading higher after a Sterne Agee research note suggested they would benefit from a trend toward the convergences of the two communications technologies. WHAT'S NEW: On February 3, Qualcomm (QCOM) and Deutsche Telekom (DTEGY) announced that, through the aggregation of licensed and unlicensed spectrum bands, recent testing demonstrated the ability of LTE Licensed-Assisted Access, or LAA, to extend coverage and increase network capacity, while delivering seamless mobility, and ensuring a fair coexistence with Wi-Fi in unlicensed spectrum. "LAA is one of the key technologies that will help satisfy the increasing demand for data and better mobile connectivity," said Deutsche Telekom Chief Technology Officer Bruno Jacobfeuerborn. "The trial will help the wireless ecosystem and key stakeholders verify and experience the benefits of LAA first hand." WHAT'S NOTABLE: Sterne Agee CRT analyst Douglas Freedman believes the line between cellular and Wi-Fi is likely to blur, pointing to the Qualcomm-Deutsche Telekom partnership as an example of this technology trend. Freedman said three stocks that could benefit from the shift are Broadcom Limited, given its premium RF filtering and Wi-Fi connectivity solutions, Analog Devices, because of its increased data converter content in small cell applications, and Microsemi Corporation, due to its Wi-Fi access point and timing enablers. The firm has Buy ratings on all three stocks. PRICE ACTION: In late morning trading, Broadcom was trading higher by 2.2%, Analog Devices was up fractionally and Microsemi rose 1%.
09:18 EDTAVGOSterne Agee CRT names three winners from convergence of cellular, Wi-Fi
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February 2, 2016
18:22 EDTAVGOBroadcom Limited assumed with a Buy at Goldman
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05:36 EDTAVGOBroadcom Limited reinstated with an Overweight at Barclays
Barclays analyst Blayne Curtis reinstated Broadcom Limited with an Overweight rating and $170 price target. The analyst calls Broadcom on of his best ideas given its "unique combination of secular growth and best in class profitability."
February 1, 2016
09:47 EDTAVGOBroadcom Limited initiated with a Buy at Deutsche Bank
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