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February 9, 2010
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| 11:13 EDT |  | BRCM |
| theflyonthewall.com: | Broadcom management to meet with RBC Capital | | Meeting to be held on the West Coast on February 11 hosted by RBC Capital. :theflyonthewall.com |
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February 8, 2010
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| 09:00 EDT |  | BRCM |
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| 06:34 EDT |  | BRCM |
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February 4, 2010
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| 12:27 EDT |  | BRCM |
| theflyonthewall.com: | Broadcom upgraded to Buy from Neutral at DA Davidson | | :theflyonthewall.com |
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| 10:22 EDT |  | BRCM |
| theflyonthewall.com: | PMC-Sierra falls after Broadcom acquires competitor | | PMC-Sierra (PMCS) is retreating, after Broadcom (BRCM) announced last night that it would acquire Teknovus, one of PMC-Sierra's main competitors in the field of EPONs, or Ethernet passive optical networks. In a note to investors today, Brigantine analyst Allan Mishan wrote that Teknovus could become significantly more competitive to PMC Sierra as a part of Broadcom. Teknovus will likely be able to use Broadcom's technology and know-how to add more features to its products, Mishan explains. While the analyst sees the deal as a threat to PMC-Sierra, he notes that PMC-Sierra has strong relationships with key Asian suppliers while the large amount of time needed to complete EPON designs means that it would take a long time for PMC Sierra to lose market share. Mishan maintain a Buy rating on PMC-Sierra, which dropped 66c, or 7.91%, to $7.68 in early trading. :theflyonthewall.com |
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| 08:28 EDT | | BRCM |
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| 08:25 EDT |  | BRCM |
| theflyonthewall.com: | Broadcom acquisition a threat to PMC-Sierra, says Brigantine | | Brigantine notes that Broadcom (BRCM) announced it will be acquiring Teknovus, PMC-Sierra's (PMCS) primary competitor in EPON ICs. The firm believes Teknovus could become significantly more competitive against PMC-Sierra as part of Broadcom. :theflyonthewall.com |
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| 08:19 EDT | | BRCM |
| theflyonthewall.com: | Broadcom estimates raised at Wells Fargo | | After Broadcom reported revenue that Wells Fargo views as solid and the company provided March quarter guidance that the firm thinks was above seasonal levels, Wells Fargo increased its 2010 EPS estimate for the company to $1.23 from 69c. The firm maintains an Outperform rating. :theflyonthewall.com |
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| 06:07 EDT | | BRCM |
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February 3, 2010
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| 21:41 EDT | | BRCM |
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| 16:23 EDT | | BRCM |
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| 16:15 EDT |  | BRCM |
| theflyonthewall.com: | Broadcom sees Q1 revenue flat to up 5% from Q4 levels | | Q1 consensus is $1.24B. :theflyonthewall.com |
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| 16:10 EDT | | BRCM |
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| 16:08 EDT | | BRCM |
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| 15:29 EDT | | BRCM |
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February 2, 2010
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| 11:36 EDT | | BRCM |
| theflyonthewall.com: | Earnings Preview: Broadcom Q1 guidance likely not strong enough to drive stock | | Broadcom Corp. (BRCM) is expected to report Q4 earnings after the market close on Wednesday, February 3, with a conference call scheduled for 4:45 pm ET. The consensus estimate is 44c for EPS and $1.32B for revenue, according to First Call. In mid-December, the company raised its Q4 revenue guidance to $1.32B to reflect stronger-than-expected demand from its broadband and corporate networking customers. The company saw product gross margins up 100 bps vs. prior guidance of up 20-50 bps. FBR Capital believes Broadcom's revenues are tracking at, or slightly above, management's guidance. The firm believes sequential growth in the broadband and enterprise networking segments should more than offset a modest decline in the mobile and wireless business. For Q1, FBR thinks revenues will decline only modestly as seasonally lower wireless shipments are offset by continuing strength in its enterprise shipments, and by new program contributions. Gross margins in Q1 should improve further due to greater enterprise mix, says FBR. Specifically, the firm currently forecasts Q1 revenue and EPS of $1.25B and 37c, respectively, in line with the consensus estimates of $1.24B and 36c. Goldman thinks Broadcom is likely to guide Q1 revenue moderately above the Street with stronger-than-expected gross margins. But they think the report is unlikely to be strong enough to drive the stock higher despite the recent selloff. The firm thinks there is likely to be less upside to sales guidance for Q1 relative to peers given negative trends in Bluetooth and set-top boxes, plus seasonality in handsets and consumer electronics. Also, an elevated operating expense run rate, due to continued litigation expenses, is like to weigh on the stock in the short-term. Consensus for Q1 is 36c on $1.24B in revenue. :theflyonthewall.com |
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