- Broadcom posted basically in-line results for the semiconductor business, but management sounded more confident on improving networking, storage, broadband, and wireless demand.
- The M&A strategy remains a source of controversy with the reports of a failed bid for SAS effectively reconfirming that Broadcom's strategy is focused on margins and cash flow more than growth.
- Broadcom shares remain undervalued, particularly in consideration of the exceptional margins, and well worth consideration despite some concerns about growth.
For further details see:
Broadcom - Still Undervalued, Still Seeing Growth Opps, And Still Somewhat Controversial