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Broadcom Q4 results not surprising, says Susquehanna

Susquehanna said Broadcom's (BRCM) inline Q4 results were not surprising given the tougher than expected handset environment. The firm expects the company to benefit from content increases form Apple (AAPL) and Samsung design ramp and thinks they are closer to the point when is baseband business will be meaningful. Shares are Positive rated with a $35 price target.