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Stock Market & Financial Investment News

News Breaks
April 25, 2014
11:08 EDTBRCM, QCOM, PMCS, INTCBroadcom falls after revenue guidance disappoints
Shares of semiconductor company Broadcom (BRCM) are falling after the mid-point of the companyís second quarter revenue outlook fell short of analystsí consensus estimates. WHAT'S NEW: Last night, Broadcom reported first quarter adjusted earnings per share of 51c and revenue of $1.98B, against consensus views of 46c and $1.96B, respectively. WHATíS NOTABLE: The mid-point of the companyís Q2 revenue outlook, $2B-$2.1B, fell short of the consensus of $2.07B. Broadcom also forecast Q2 adjusted product gross margin would incease 75bps-175bps, sequentially. ANALYST REACTION: This morning, analyst commentary was mixed. Research firm Needham downgraded Broadcom to Hold from Buy. The firm said Q1 results and Q2 outlook indicated Mobile & Wireless growth is stalling and it noted management backed away from its prior connectivity growth expectations. Conversely, Bernstein thought Broadcom reported strong Q1 results. Bernstein thought the company's LTE business remains frustrating, but can still perform well over the longer term. The firm thought the stock's valuation was attractive. It raised its price target on the shares to $35 from $33, and kept an Outperform rating on the stock. PRICE ACTION: In morning trading, Broadcom fell $1.54, or about 5%, to $29.60 on heavy trading volume. Including todayís pull back, the stock has lost approximately 14% over the past twelve months. OTHERS TO WATCH: Others in the semiconductor space include Qualcomm (QCOM), PMC-Sierra (PMCS) and Intel (INTC).
News For BRCM;QCOM;PMCS;INTC From The Last 14 Days
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September 29, 2014
07:15 EDTINTCNational Association of Business Economics to hold annual meeting
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06:15 EDTINTCIntel price target raised to $43 from $36 at BofA/Merrill
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September 26, 2014
11:00 EDTINTCIntel alliance to cut mobile losses 'significantly', says Wells Fargo
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08:44 EDTQCOMQualcomm could have negative read through from Intel move, says Northland
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05:27 EDTINTCIntel to invest up to $1.5B in semiconductor business under Tsinghua Unigroup
Intel Corporation and Tsinghua Unigroup, an operating subsidiary of Tsinghua Holdings, a solely state-owned limited liability corporation funded by Tsinghua University in China, jointly announced that both parties have signed a series of agreements. The purpose of the agreements is to expand the product offerings and adoption for Intel-based mobile devices in China and worldwide by jointly developing Intel Architecture and communications-based solutions for mobile phones. Intel also has agreed to invest up to about $1.5M for a minority stake of approximately 20% of the holding company under Tsinghua Unigroup which will own Spreadtrum Communications and RDA Microelectronics, subject to regulatory approvals and other closing conditions. Under the terms of the agreement, Spreadtrum Communications, Inc. will jointly create and sell a family of Intel Architecture-based system-on-chips, or SoCs. Initial products will be available beginning in the second half of next year and will be Intel Architecture-based SoCs sold by both companies. The companies expect Intelís investment to close in early 2015.
September 24, 2014
09:17 EDTINTCIntel rumored to take 20% stake in Spreadtrum, Marbridge Daily says
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September 23, 2014
11:33 EDTQCOM, BRCMAnalysis shows Apple spends $200-$247 to build iPhone 6s, Re/code says
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08:11 EDTQCOMRuckus Wireless hires Qualcomm's Rabinovitsj as COO
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September 22, 2014
12:52 EDTINTCIntel receives approval from Israel to invest $6B in chip plant, Reuters says
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06:27 EDTINTCIntel, Rockhip partner to expand x86 presence in tablet market, DigiTimes says
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September 19, 2014
16:24 EDTINTCStocks rise after Fed keeps pledge for 'considerable time' before rate hike
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16:17 EDTINTCOn The Fly: Closing Wrap
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11:51 EDTINTCMicrosoft, Intel look to partner with Chinese mobile device makers, Nikkei says
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09:19 EDTQCOMOn The Fly: Pre-market Movers
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08:11 EDTQCOM, BRCMTriQuint chip among those in iPhone 6 Plus, iFixit reports
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08:03 EDTBRCM, QCOMInvenSense, NXP, RF Micro chips included in iPhone 6, iFixit reports
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07:42 EDTINTCIntel dividend can rise up to 45% over next two years, says Jefferies
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September 18, 2014
15:22 EDTBRCMBroadcom appears to be WiFi chip provider for Apple Watch, Chipworks says
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07:26 EDTQCOMGartner: Smartwatch market ready to expand, poised for takeoff, DigiTimes says
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06:50 EDTINTCIntel, Spreadtrum may enter partnership to develop x86 products, DigiTimes says
Intel is looking to promote x86 architecture to China chip designers and may enter a partnership with Spreadtrum, reports DigiTimes Research. The cooperation would allow Intel to fill some of its empty capacity while Spreadtrum would gain advantages from Intel's advanced manufacturing processes to reduce costs. Reference Link
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