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Broadcom Corporation Message Board

  • lakers_w lakers_w Mar 4, 2014 9:24 PM Flag

    Eric Brandt: certainly not opposed to something that creates value for our shareholders

    Eric Brandt - Chief Financial Officer

    Yes, and I would say look we understand that and I think that’s why I said I think it’s an important year to prove that we can deliver on the mobile strategy. In terms of spinning out broadband or infrastructure or those sorts of things, it’s hard to say that they create a whole lot of value. I don’t really know. I do think that there is lot of shared technology and a lot of the secret sauce exists in central engineering. I mean a lot of that sort of is partition between wired and wireless and there is analog that everybody uses. But I don’t know, we are not -- certainly not opposed to something that creates value for our shareholders.
    Joe Moore - Morgan Stanley

    And the push we get on the some of the parts is that mobile and wireless will -- could lose money I mean and you are trending -- operating margins are trending low single digits now.

    In terms of how we feel about the stock price and the issuance of equity, we are very focused on it. I think we’ve probably designed a compensation system more towards the momentum based industry and probably not as much around sort of capital return and TSR. And we will add TSR this year to our performance metrics and the way we measure ourselves as a management team.

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