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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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May 20, 2015
07:36 EDTBRCMJPMorgan to hold a conference
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May 15, 2015
17:33 EDTBRCMPoint72 Asset Management gives quarterly update on stakes
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May 14, 2015
09:06 EDTBRCMSynopsys and Broadcom extend license agreement
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07:48 EDTBRCMBroadcom management to meet with Deutsche Bank
Meeting to be held in Los Angeles on May 14 hosted by Deutsche Bank.
05:49 EDTBRCMStocks with implied volatility movement; ESI BRCM
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May 13, 2015
09:56 EDTBRCMEquity options with increasing volume
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