Sorry!! The article you are trying to read is not available now.
HOT TAGS:  

TechStrat Mailbag: Why is Broadcom Down Today?

Print comment Post Comments
BROADCOM WEAKNESS
DailyFeed
Greetings Sean,

I can't find any info on why Broadcom (BRCM) is down over 4%. Do you know the reason why?


I would appreciate any insights you have.

Thank you,
Minyan Ed

Minyan Ed -- Thanks for the question. This is an easy one, at least in terms of the the downside move. Samsung bought out some development assets from UK Chip Outfit CSR that are aimed at the wireless and connectivity segments. The fear is that Samsung, a pretty good Broadcom customer is going to move some chip sockets to in-house design and thus cut BRCM out of some revenues.

This is an excerpt from The TechStrat Report by Sean Udall. Sean provides in-depth analysis, strategies and trades across the technology sector. Take a FREE 14 day trial and read the full entry.
POSITION:  No positions in stocks mentioned.
TAGS:  BRCM, BROADCOM, SAMSUNG, NASDAQ:BRCM   
TICKERS:  NASDAQ:BRCM   

TICKERS