NEW YORK, NY--(Marketwire -07/13/12)- It has been a tough week for semiconductor companies as recent reports signaled a bearish outlook citing slowing demand in China and Europe. "As we approach June quarter earnings season, we believe semiconductor demand has softened almost across the board," wrote Christopher Danely, J.P. Morgan analyst, in a note to clients. The Paragon Report examines investing opportunities in the Semiconductor Industry and provides equity research on Broadcom Corp. (BRCM) and QUALCOMM, Inc. (QCOM).
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"It's all macro -- just like last year, and the year before, and the year before," Danely added. "We believe the macroeconomic environment will be the biggest driver of semiconductor stock performance during 2012, just as it was in 2011, and 2010 and 2009."
The European financial crisis combined with a weakening personal computer market has had a significant impact on semiconductor demand. Investors should receive a clearer picture of the state of the industry when semiconductor giant Intel Corp. kicks off the tech earnings season on July 17.
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Broadcom and Emulex Corporation recently announced that the companies have entered into a partial settlement and worldwide patent license agreement. Emulex has agreed to pay Broadcom a release and license fee of $58 million in cash. Broadcom is scheduled to release second quarter 2012 financial results on Tuesday, July 24.
Qualcomm is a world leader in 3G and next-generation mobile technologies. The company recently announced a quarterly cash dividend of $0.25 per common share, payable on September 26, 2012, to stockholders of record at the close of business on September 7, 2012. Shares of Qualcomm have fallen over 4 percent in the last week.
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