Broadcom likely to guide revenue to high-end at analyst day, says Evercore Evercore believes there is a "good likelihood" that Broadcom management will revise its revenue guidance towards the upper-end of its current $1.92B-$2.04B view at the company's upcoming analyst day meeting. The firm keeps an Overweight rating and $30 price target on Broadcom.
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Chip makers race to offer faster mobile networks, WSJ reports Pushed by Qualcomm (QCOM) and others who want to reduce its dominance in the field, chip makers are racing to deliver what will be the next major advance in cellular networks, reports the Wall Street Journal. At this week's Mobile World Congress in Barcelona, companies like Intel (INTC) and Broadcom (BRCM) will demonstrate long-discussed extensions of the technology now used in the speediest networks. Reference Link