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Broadcom swings to profit

2014-10-22 00:39:48| Semiconductors - Topix.net

Broadcom Corp. swung to a profit in the third quarter, driven by growth in its broadband and connectivity business and cost-cutting as it moves to close its cellular-chip business. The semiconductor company said in July it was cutting about 2,500 jobs as it winds down its cellular-chip business.

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