Orlando, FL -- (SBWIRE) -- 09/06/2013 -- Hot Stock Profits provides investors and traders with valuable trading tools and content as well as micro-cap stock alerts via eMail and text messages. To Join Our Text Message Alerts Service Just Text The Word Stocks To 555888 From Your Cell Phone. Our Focus Today Is On Broadcom Corporation(NASDAQ:BRCM), Intel Corporation (NASDAQ:INTC).
Broadcom Corporation(NASDAQ:BRCM) shares jumped 3.47% to $26.82. The company on Sept. 4 said it is buying Japanese chipmaker Renesas Electronics' LTE-related assets for $164 million to speed up its launch of next-generation communications technology. Broadcom's chips integrating Wi-Fi and Bluetooth technology are used in Apple's iPhone and other top-tier smartphones and tablets.
The company said it expects the deal to speed up the launch of its first multimode, carrier-validated LTE, or Long Term Evolution, chip platform into early 2014. The company said it expects the cash transaction to be roughly neutral to non-GAAP earnings per share by the second half of 2014.
Separately, Broadcom tightened its revenue forecast for the September quarter, saying it now expects revenue between $2.075 billion and $2.175 billion, compared to a prior forecast of $2.05 billion and $2.20 billion.
Are investors worried about the recent updates with BRCM? Find out with a free trend analysis HERE
Intel Corporation (NASDAQ:INTC) shares fell 0.15% to $22.60. The company is expected to announce a new lineup of Haswell processors in September, reports DigiTimes. According to sources from the upstream supply chain, Intel will also release four Ivy Bridge-based processors including the Core i5-3340.
Additionally, the company would launch new tablet processors during the second half of the year 2014 in order to enable the company to maintain its present dominance in the market for tablets. It is expected that the 14nm Cherry Trail Tablet platform of the company would be launched in the third quarter of the fiscal year 2014, though it had been reported that the partners of Intel would be receiving the samples of the product by the end of this year 2013.
Moreover, Two analysts on August 19 predicted INTC will snap out of its recent sales slump next year as more businesses buy desktop and laptop machines powered by Intel's processors. Piper Jaffray analysts Auguste Gus Richard and Jennifer Baxter upgraded Intel's stock on the expectation that Intel's revenue will rise by 5 percent next year. Although that would be a modest gain, it would reverse two consecutive years of declining revenue, assuming analysts' forecasts for the rest of 2013 pan out.
Is INTC going to continue its rally or drop like a rock? Find out with a free trend analysis HERE
Join Our Mobile SMS Alerts By Texting Stocks To 555888
HotStockProfits.com continuously monitors and scans the markets for day trading and swing trading signals on NASDAQ, NYSE, AMEX, OTCBB and Pink Sheet companies for its free e-newsletter subscribers.
Disclosure: HotStockProfits.com is not a registered investment advisor and nothing contained in any materials should be construed as a recommendation to buy or sell securities. Investors should always conduct their own due diligence with any potential investment. Please visit HotStockProfits.com website, for complete risks and disclosures.
Copyright © 2005-2013 - SBWire, The Small Business Newswire - All Rights Reserved - Important Disclaimer
Contact Us: 888-4-SBWIRE (US) - 920-593-5640 (International)