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Broadcom's sales outlook allays concerns over smartphone demand

2016-03-04 03:11:45| Semiconductors - Topix.net

Broadcom Ltd., which led a wave of consolidation last year to become one of the world's top-10 chipmakers, predicted fiscal second-quarter sales in line with estimates, helping to allay concerns of shrinking demand for mobile phone parts. Revenue in the current period ending in April will be $3.53 billion, plus or minus $75 million, the Singapore-based company said Thursday.

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