Broadcom (NASDAQ:BRCM) is considered by Susquehanna to have one of the strongest product cycles in 2011 for semis, and remains very optimistic in their outlook concerning the company.
Susquehanna noted they are also gaining momentum in its wireless business at this time.
Guidance from Broadcom was increased to the higher end of its prior range to $1.9 billion.
Driving Broadcom is the demand for connectivity products sold into the tablet and smartphone markets.
Apple's (NASDAQ:AAPL) unit production could drive results past first quarter estimates.
Susquehanna maintains a "Positive" rating on Broadcom (BRCM), which was trading at $44.58, down $1.62, or 3.51 percent, as of 2:20 PM EST.
No comments:
Post a Comment