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Stock Market & Financial Investment News

News Breaks
June 2, 2014
15:41 EDTBRCMBroadcom exit from baseband no surprise, says Piper Jaffray
Piper Jaffray is not surprised to see Broadcom plan to exit its baseband business, which had become a drag on margins and profitability, but the firm sees a wide range of potential outcomes as the exit takes shape. Piper maintains its Neutral rating and $34 price target on the stock as it waits for more clarity on next steps for the unit.
News For BRCM From The Last 14 Days
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August 24, 2015
06:22 EDTBRCMTSMC pursuing 16nm chip orders, DigiTimes reports
According to market sources, DigiTimes reports that TSMC (TSM) has been "actively" seeking 16nm FinFET chip orders. In addition to securing a portion of Apple's (AAPL) A9 chip orders, TSMC has also received orders from AMD (AMD), Broadcom (BRCM), LG, Nvidia (NVDA) and Avago (AVGO), the sources say, noting that TSMC failed to maintain orders for Qualcomm's (QCOM) flagship mobile chips, as it has placed orders for the Snapdragon 820 series with Samsung (SSNLF). Reference Link
August 20, 2015
10:00 EDTBRCMOn The Fly: Analyst Downgrade Summary
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08:39 EDTBRCMBroadcom downgraded to Hold from Buy at Argus
Argus downgraded Broadcom (BRCM) to Hold following the announcement that the waiting perorid under the Hart-Scott-Rodino Antitrust Act had expired. The firm now expects the acquisition by Avago (AVGO) to go through.
August 17, 2015
10:55 EDTBRCMOptions with increasing implied volatility
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August 14, 2015
17:08 EDTBRCMPaulson & Co gives quarterly update on stakes
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