Smartphone Parts Boost Broadcom’s Earnings

Broadcom Ltd. reported higher-than-expected earnings in the most recent quarter as the chip maker looks to convince Qualcomm Inc.’s shareholders to back its $105 billion takeover bid.

In a conference call with analysts, Broadcom offered little about the hostile bid aside from saying it aims to “engage in a constructive dialogue,” has received positive shareholder and customer reactions, and believes it can complete a transaction, including regulatory approvals, within 12 months of striking a deal.


Source link

Recommended Posts

Leave a Comment