Broadcom Reports Healthy 4Q Results as it Stays Mum on Qualcomm; Maintaining $227 FVE
Broadcom Limited reported solid fiscal fourth-quarter earnings and provided investors with a forecast for the January quarter that was relatively in line with our expectations after factoring in the firm's recent acquisition of Brocade. Business conditions still appear quite healthy across most end markets, as the company will continue to reap the benefits of content gains within Apple's latest iPhone series. Longer term, with Brocade in the fold, we're encouraged that the company also raised a ...
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