Key Developments: Broadcom Corp (BRCM.O)
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22 May 2013
$-0.70 (-1.87%)
$37.40
$37.38
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7,415,528
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$28.60
Latest Key Developments (Source: Significant Developments)
Broadcom Corp Declare Quarterly Dividend
Broadcom Corp announced that it will pay its next quarterly cash dividend of $.11 per share to holders of the Company's common stock. The $.11 dividend was declared by the Board of Directors on May 14, 2013 and will be paid on June 17, 2013 to holders of record of the Company's Class A and Class B common stock at the close of business on May 31, 2013. Full Article
Broadcom Corp Issues Q2 2013 Revenue Guidance In Line With Analysts' Estimates
Broadcom Corp announced that for the second quarter of 2013, it expects total net revenue to be $2.10 billion plus or minus 4%. According to I/B/E/S Estimates, analysts are expecting the Company to report revenue of $2.05 billion for the second quarter of 2013. Full Article
India's Idea Cellular Selects Broadcom Corp's Android 4.0 Smartphone Platform
Broadcom Corp announced that Indian telecom operator, Idea Cellular, has chosen the BCM21654G for use in its new Idea Ivory Android-based smartphone. By selecting one of Broadcom's 3G platforms optimized for Android, Idea Cellular is providing customers with an entry-level smartphone offering enhanced functionality, powerful graphics, and advanced features including dual-SIM connectivity. For more news, visit Broadcom's Newsroom. Full Article
Broadcom Corp Announces 10% Increase in Quarterly Cash Dividend
Broadcom Corp announced that its Board of Directors has approved a 10% increase in the quarterly cash dividend to $0.11 per share ($.44 per share on an annual basis) payable to holders of the Company's Class A and Class B common stock. The $0.11 dividend was declared by the Board of Directors on January 28, 2013 and will be paid on March 4, 2013 to holders of record of the Company's Class A and Class B common stock at the close of business on February 15, 2013. Full Article
Broadcom Corp Issues Q1 2013 Revenue Guidance Below Analysts' Estimates
Broadcom Corp announced that for first quarter of 2013, it expects total net revenue to be $1.90 billion plus or minus 4%. According to I/B/E/S Estimates, analysts are expecting the Company to report revenue of $2 billion for first quarter of 2013. Full Article
Broadcom Corp Introduces Switch SoC for SMB Networks
Broadcom Corp announced the StrataConnect Series of switch system-on-a-chip (SoC) solutions for small-to-medium business (SMB) networks. Broadcom's new SoCs combine Layer 2 and Layer 3 (L2/L3) switching, 16 gigabit Ethernet (GbE) physical layer transceivers (PHYs), 10 GbE and high-performance central processing unit (CPU) onto a single piece of silicon, delivering enterprise-class features to the SMB network. Full Article
Broadcom Corp Secures Contract
Broadcom Corp announced that Comcast has chosen its connected home set-top box (STB) technology for use in the RNG150N interactive STB shipping to subscribers. Based on the Broadcom BCM7125 system-on-a-chip (SoC) and running Comcast Reference Design Kit (RDK) version 1.1, the Comcast RNG150N STB powers the latest in interactive HDTV programming, connectivity, whole-home media distribution and advanced 3D user interfaces. Full Article
Broadcom Corp Raises Low End Of Prior Q4 2012 Revenue Guidance To A Range In Line With Analysts' Estimates
Broadcom Corp announced that for the fourth quarter of 2012, it narrowed Net Revenue toward the higher end of the range, or approximately $2.00 to $2.10 billion, due to slightly better-than-expected revenue in Mobile & Wireless business. According to I/B/E/S Estimates, analysts are expecting the Company to report revenue of $2.04 billion for fourth quarter of 2012. Full Article
Broadcom Corp Declares Quarterly Dividend
Broadcom Corp announced that it will pay its next quarterly cash dividend of $.10 per share to holders of the Company's common stock. The $.10 dividend will be paid on December 10, 2012 to holders of record of the Company's Class A and Class B common stock at the close of business on November 23, 2012. Full Article
Broadcom Corp Reaffirms Q3 2012 Revenue Guidance-Conference Call
Broadcom Corp announced that for the third quarter of 2012, it has guided revenue up 2% to 9% to a range of $2.0 billion to $2.15 billion. According to I/B/E/S Estimates, analysts on average are expecting the Company to report revenues of $2.1 billion for the third quarter of 2012. Full Article
Broadcom eyes more smartphone chip sales
SAN FRANCISCO - Broadcom's first-quarter results beat expectations and the chipmaker said much of its growth this year would come from selling more components to smartphone makers.
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