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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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January 30, 2015
10:00 EDTBRCMOn The Fly: Analyst Downgrade Summary
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08:43 EDTBRCMBroadcom reported solid results, says Bernstein
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06:21 EDTBRCMBroadcom downgraded to Market Perform from Outperform at JMP Securities
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January 29, 2015
19:14 EDTBRCMOn The Fly: After Hours Movers
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17:01 EDTBRCMBroadcom says Q1 broadband, connectivity business to be down, sequentially
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16:54 EDTBRCMBroadcom reports Q4 adjusted gross margin 54.7%
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16:48 EDTBRCMBroadcom up 3% following Q4 results, guidance
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16:42 EDTBRCMBroadcom sees Q1 R&D, SGA expenses up $5M-$25M from 4Q14
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16:31 EDTBRCMBroadcom declares quarterly dividend of 14c per share
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16:11 EDTBRCMBroadcom sees Q1 adjusted gross margin 54.7%, plus or minus 75 bps
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16:10 EDTBRCMBroadcom sees Q1 revenue about $2B, plus or minus $75M, consensus $2.01B
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16:08 EDTBRCMBroadcom reports Q4 adjusted EPS ex-SBC 90c, consensus 87c
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15:37 EDTBRCMNotable companies reporting after market close
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