Broadcom guidance slightly worse than expected, says Brean Capital Brean Capital said Broadcom reported better than expected Q4 results but guided Q1 lower than expected due to softness in Wireless Connectivity. The firm raised its estimates and price target on the belief strength in Broadband and Networking will offset some of the losses in the Mobile and Wireless businesses. Shares are Buy rated and price target raised to $34 from $33.
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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