Normally I get skeptical whenever I see a stock uniformly supported by major Wall Street firms. After all, if a dozen major analysts are already out there pounding the table, how much good news is left undiscovered and unappreciated? In the case of Broadcom (Nasdaq:BRCM) the answer may well be "more than you think" as the company continues to leverage good technology into more new products and markets.
A Pretty Good End to the Year
Although December was the winter of discontent for chip companies, Broadcom actually did pretty well all things considered. Revenue did fall about 7% on both an annual and sequential comparison. The company's mobile/wireless business was strongest (down 4 and 7%, respectively), while broadband (down 12 and 3%) and infrastructure (down 7 and 13%) were weaker.
To read the full piece, click here:
http://stocks.investopedia.com/stock-analysis/2012/Everybody-Loves-Broadcom-And-Maybe-You-Should-Too-BRCM-QCOM-AAPL-CSCO0201.aspx
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