The stock market remains as unstable and unpredictable as a ship caught in a storm on high seas. In a search for some signs of potential profits during the stormy weather Syracuse investors may want to check out Broadcom. Broadcom (NASDAQ: BRCM), is a FORTUNE 500® company, which is a global leader and innovator in semiconductor solutions for wired and wireless communications. Broadcom®products have been developed to seamlessly deliver voice, video, data and multimedia connectivity in the home, office and mobile environments.
Matt Egan has reported for Fox Business "Broadcom Boosts 4Q Sales View to $1.8 Billion." Although there are gloomy forecasts from other semiconductor companies, mobile chip maker Broadcom (BRCM) has increased its fourth-quarter sales outlook above Wall Street's view. Broadcom has said that it now sees fourth-quarter revenue of about $1.8 billion, up from $1.7 billion to $1.8 billion previously. Analysts had previously been calling for sales of $1.76 billion.
Broadcom CEO Scott McGregor has said in a statement "Broadcom's Q4 is coming in stronger than expected driven by solid shipments and tight operational management." Meanwhile there have been negative forecasts by other tech firms, including from chip makers Intel (INTC), Texas Instruments (TXN) and Altera (ALTR). So Broadcom may just be a good solid short and long term investment.
Photographer: Master isolated images
