SOURCE: The Bedford Report

The Bedford Report

December 09, 2010 08:46 ET

Integrated Circuit Makers Seek to Broaden Portfolios

The Bedford Report Provides Analyst Research on Broadcom & RF Micro Devices

NEW YORK, NY--(Marketwire - December 9, 2010) - In recent months the Technology Sector has become a hotbed of Merger and Acquisition activity. As companies get larger and experience diminishing returns in their core business, they are showing their willingness to utilize their large resource pools to acquire smaller companies in a race to diversify themselves. Given the limited opportunities for meaningful acquisitions, the companies in stronger financial positions, and the willingness to act, stand to gain the most from such activities. The Bedford Report examines the outlook for companies in the Semiconductor - Integrated Circuits Industry and provides research reports on Broadcom Corporation (NASDAQ: BRCM) and RF Micro Devices, Inc. (NASDAQ: RFMD). Access to the full company reports can be found at:

www.bedfordreport.com/2010-12-BRCM

www.bedfordreport.com/2010-12-RFMD

Broadcom has been busy this year broadening its technology portfolio. Last month we learned that the company will acquire privately-held Gigle Networks Inc. for $75 million. Broadcom says the acquisition will enable it to design more highly integrated SoCs, which allow whole-home network coverage in a wide variety of global deployment scenarios.

Broadcom also announced last month it had completed its $316 million cash acquisition of Beceem Communications. Beceem makes chip solutions for next-generation wireless phone networks. Broadcom said that the acquisition would have no effect on earnings in 2011.

The Bedford Report releases regular market updates on the Semiconductor - Integrated Circuits Industry so investors can stay ahead of the crowd and make the best investment decisions to maximize their returns. Take a few minutes to register with us for free at www.bedfordreport.com and get exclusive access to our numerous analyst reports and industry newsletters.

Broadcom reported third quarter net income of $327 million, or 60 cents a share, compared with net income of $85 million, or 16 cents a share, for the same period last year. Adjusted income was 74 cents a share.

Broadcom's industry peer RF Micro Devices posted fiscal second quarter earnings of 13 cents per share, compared with $14.6 million, or 5 cents per share in the year-ago quarter. Excluding one-time items, RF Micro earned 19 cents per share.

The Bedford Report provides Analyst Research focused on equities that offer growth opportunities, value, and strong potential return. We strive to provide the most up-to-date market activities. We constantly create research reports and newsletters for our members. The Bedford Report has not been compensated by any of the above mentioned companies. We act as an independent research portal and are aware that all investment entails inherent risks. Please view the full disclaimer at: http://www.bedfordreport.com/disclaimer.

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