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News Breaks
July 22, 2014
16:55 EDTBRCMBroadcom sees Q3 revenue $2.1B-$2.25B, consensus $2.19B
Sees Q3 product gross margin 52.5%, plus or minus 75 basis points. Sees Q3 R&D, and selling, general, and administrative expenses down $40M-$60M from Q2. The company expects to return more capital to shareholders in the future. The company plans to double share repurchases to over $800M.
News For BRCM From The Last 14 Days
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September 20, 2015
21:07 EDTBRCMDialog to acquire Atmel in move towards Internet of Things
Atmel (ATML) reached an agreement Sunday to be acquired by Dialog Semiconductor in a deal valued at approximately $4.6B, or the equivalent of $10.42 per Atmel share. Jalal Bagherli, CEO of U.K.-based Dialog, remarked that the combined company will be "a diversified, high-growth market leader" in chips for mobile devices, connected vehicles, and the Internet of Things. In a subsequent Bloomberg interview regarding the deal, Bagherli explained, "We passed the computing era, we're at the height of the mobile era, and we're about to enter the IoT era." The news comes after several semiconductor mergers in 2015 amid slowing growth and saturated markets, with Intel (INTC) agreeing in June to acquire Altera (ALTR) and Avago (AVGO) striking a deal in May for Broadcom (BRCM). Note also China's apparent desire to control companies in the space, evidenced by state-owned firms China Electronics Corp. and Tsinghua's respective pursuits of Atmel and Micron (MU).

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