BRCM Off 6%: Samsung Buying CSR Assets Mild Negative, Says FBR
FBR Capital’s Craig Berger, who follows chip maker Broadcom (BRCM) and rates its stock Outperform, this morning reflects on the news that Samsung Electronics (0053930KS) said it will buy the mobile chip business of Britain’s Cambridge Silicon Radio PLC, also known as CSR, for $310 million, as reported by The Wall Street Journal‘s Jung-Ah Lee. [...]
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