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Wednesday, December 14, 2011

Stock Alert - Broadcom (BRCM) is guiding for its Q4 revenue to be at the high end of a prior guidance range of $1.7B-$1.8B - 12/14/11

Broadcom (BRCM) is guiding for its Q4 revenue to be at the high end of a prior guidance range of $1.7B-$1.8B, ahead of today's Analyst Day. Broadcom is also slightly lifting its gross margin guidance. Analysts will likely press Broadcom on whether its strength was broad-based, or (as is the case with other chipmakers) centered around wireless chips. BRCM +6.4%.

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