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Stock Market & Financial Investment News

News Breaks
June 2, 2014
07:05 EDTBRCMBroadcom to explore strategic alternatives for cellular baseband business
Broadcom announced it is exploring strategic alternatives for its cellular baseband business, including a potential sale or wind-down. The company has engaged investment bank JP Morgan in connection with its efforts. The successful sale or wind-down of the cellular baseband business is currently expected to result in a roughly $700M reduction in annualized GAAP research and development and selling, general and administrative expenses, of which approximately $100M relates to estimated reductions in stock-based compensation. As such, non-GAAP research and development and selling, general and administrative expenses are currently expected to be reduced by roughly $600M. Broadcom currently expects to organically reinvest roughly $50M of these savings on an annualized basis into projects in the Broadband, Infrastructure and Connectivity businesses. This incremental spending is currently expected to strengthen and accelerate the company's plans in the area of small cells, embedded processing and low-power connectivity.
News For BRCM From The Last 14 Days
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September 19, 2014
08:11 EDTBRCMTriQuint chip among those in iPhone 6 Plus, iFixit reports
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08:03 EDTBRCMInvenSense, NXP, RF Micro chips included in iPhone 6, iFixit reports
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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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September 12, 2014
14:03 EDTBRCMKeysight enters into manufacturing test license agreement with Broadcom
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05:34 EDTBRCMRovi announces collaboration with Broadcom
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September 11, 2014
17:27 EDTBRCMBroadcom powers new TiVo Ultra HD set-top box solution
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September 10, 2014
08:12 EDTBRCMApple iPhone 802.11ac support a positve for Broadcom, says Macquarie
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