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Broadcom Corp. Message Board

  • lakers_w lakers_w Sep 18, 2013 3:06 AM Flag

    Broadcom likely in the iPhone 5C, 5S

    Broadcom likely in the iPhone 5C, 5S
    While Apple (NASDAQ: AAPL ) investors were disappointed that the "cheap" iPhone 5C is still very much a high end, only a slightly cheaper device, the good news for Broadcom shareholders is that such a high-end device is likely using a premium Wi-Fi chip from Broadcom, as previous iPhone releases have. It's disappointing that the 5S/5C didn't come packed with NFC (which could have been an increased the dollar content opportunity for Broadcom), but the fears that Broadcom would lose this socket have largely subsided – although we will know in the affirmative once iFixit does a tear-down of the device.

    while the July earnings call was less than stellar, the situation has substantially improved since then. The company made a strategic acquisition to accelerate LTE revenues into early 2014, and despite taking a writedown on its NetLogic acquisition, seems to be gaining material traction in the network processing unit ("NPU") space. I also believe that Apple's iPhone 5C launch, as well as the launch of Intel's "Bay Trail" tablet platform, will prove to be tailwinds for the company's connectivity business.

    Conclusion
    Broadcom is a classic example of a high-quality, beaten-down name with plenty of upside potential. While I believe that the company still needs to prove itself in the cellular space, and while I would keep an eye on potential market share shifts in the connectivity combo space, I'm excited by the networking opportunity and believe that if the company executes correctly, there is a multi-year growth opportunity across all of its operating segments.

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