Buying Broadcom At A Discount

Sat, 06/23/2012 - 18:43 EDT - Seeking Alpha

By Bargain Bin:Broadcom (BRCM) is a leading designer of semiconductors used in networking, broadband, and mobile devices. The company's main competitors include Qualcomm (QCOM) and Texas Instruments (TXN). One of their more prominent products are chips which combine various communications standards such as bluetooth, WiFi, and GPS.
(click to enlarge)
* Full presentation here (PDF FILE)Broadcom chips are used in a plethora of devices, as seen in the above graphic, leading to nearly all data traffic crossing a Broadcom chip. And the rise of mobile devices such as smartphones and tablets along with the subsequent increase in total internet traffic should be a boon for the company.

(click to enlarge)

BRCM data by YChartsShares of Broadcom currently trade for $34.38, down from the high 40's at the beginning of 2011. Here's the 5-year financial performance:

(In Million $)
2007
2008
2009
2010
2011

Revenue
$3,776
$4,658
$4,490
$6,818
$7,389

OperatingComplete Story »

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