"Broadcom eases investor fears with solid quarter" Globe wires October 23, 2014
NEW YORK — The stock of Broadcom Corp., a maker of communications chips, rose the most in more than four months after the company reported earnings that beat analysts’ estimates and gave a forecast that eased concern orders might be drying up.
Orders for chips that connect devices — such as Apple Inc.’s iPhone and iPad — to Bluetooth and Wi-Fi networks helped boost revenue in the third quarter, the Irvine, Calif.-based company said.
Related: Bobbing For Apples
Doug Freedman, an analyst at RBC Capital Markets, said, Broadcom’s orders from Apple for the latest version of its iPhone helped make up for weaker demand from Samsung, which has lost market share.
Sorry I don't give a $hit.
Third-quarter net income was $98 million....
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