Broadcom Limited remains well positioned to profit from the rise in LTE-enabled smartphones.
We applaud Broadcom’s acquisition of Brocade for $5.9 billion or $12.75 per share, as we've viewed Brocade’s fibre channel, or FC, storage business as an undervalued asset. We were initially surprised that Broadcom would venture into moving further up the value chain into FC storage equipment, but we also see the strategic alignment, given Broadcom's expertise in other storage products. We're further encouraged that Broadcom will spin off Brocade's IP networking business, in order to avoid pote...
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