Optimistic View for Growth for Semiconductor Industry
Broadcom Corp. (MM) (NASDAQ:BRCM)
Today : Wednesday 18 April 2012
Semiconductor stocks have performed well in the first quarter of 2012. The SPDR S&P Semiconductor ETF -- which represents the Semiconductor sub-industry portion of the S&P Total Markets Index -- is up over 10 percent year to date. Five Star Equities examines the outlook for companies in the Semiconductor Industry and provides equity research on Broadcom Corporation (NASDAQ: BRCM) and Micron Technology, Inc. (NASDAQ: MU). Access to the full company reports can be found at:
The Semiconductor Industry Association (SIA) recently announced that worldwide semiconductor sales showed a 1.3 percent decline in February, yet sales in the Americas region showed a 1.1 percent gain over the previous month.
"It's encouraging to see that the U.S. posted the third consecutive month of job gains which points to momentum in the U.S. economic recovery. However, the global picture bears close watching given the continued sluggish economies in Europe and in Asia," said Brian Toohey, president, Semiconductor Industry Association. "Overall, the combination of improved U.S. macroeconomic factors along with sequential semiconductor sales growth in the Americas region warrants an optimistic view for growth in 2012."
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Broadcom Corporation, a global innovation leader in semiconductors for wired and wireless communications, will conduct a conference call with analysts and investors following the release of its first quarter 2012 financial results on Tuesday, May 1, 2012 at 1:45 p.m. Pacific Time; 4:45 p.m. Eastern Time. The conference call, which will include information regarding current and future products and technologies, end market trends, and the company's current financial prospects, will be conducted by Scott McGregor, Broadcom's President and Chief Executive Officer, and Eric Brandt, Broadcom's Executive Vice President and Chief Financial Officer.
Micron Technology, Inc. announced results of operations for its second quarter of fiscal 2012, which ended March 1, 2012. For the second quarter, the company had a net loss attributable to Micron shareholders of $224 million, or $0.23 per diluted share, on net sales of $2.1 billion. The results for the second quarter of fiscal 2012 compared to a net loss of $187 million, or $0.19 per diluted share, on net sales of $2.1 billion for the first quarter of fiscal 2012, and net income of $72 million, or $0.07 per diluted share, on net sales of $2.3 billion for the second quarter of fiscal 2011.
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