Broadcom's (NASDAQ: BRCM )
long, frustrating dalliance with baseband wireless is now at an end,
with the company winding down the business after investing hundreds of
millions of dollars (if not billions) over the years, but failing to
find a buyer. Broadcom remains a strong player in network infrastructure
and broadband, and perhaps an underrated player in the emerging
"Internet of Things" market, but investors are right to question how
mobile connectivity will fare in the coming years, as well as whether
management may fritter away cash on further value-eroding deals.
Read the full article here:
With Baseband Finished, Higher-Margin Broadcom Looks for New Drivers
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