By Dave Kansas
Chipmaker Broadcom Telecom reported a solid quarter this morning, which could give the Nasdaq Composite momentum this morning.
The company reported net income in third quarter of 60 cents per share on revenues of dollars.à 1.8 billion excluding certain items, earnings were 74 cents per unit, better than 71 cents per part mobile revenue estimates and wireless has elapsed.
John Shipman, my colleague from Dow Jones quotes Baird report that said "momentum during the quarter was mainly pushed by wireless, the outcome of the trends strong smartphone."The company also said gaining traction with a client of the "key".(Apple, course.)
Broadcom shares are up 10% in trade précommercialisation.Baird, despite the strong report, supports a rating of "neutral" on the capital partage.FBR takes a more optimistic view, according to John, saying Broadcom results "demonstrated its cycles of product development and the ability to catch up with competitors more."
Broadcom has finally shown in $41 in its action to close Tuesday, the of $37.22.
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