Zeev's Turnips Patch-No Politics (ZEEV)

[AKvetch]

BRCM buyout?

Is Broadcom a target for acquisition?

Silicon waves

By Cher Price: Friday 18 April 2003, 08:29

THE RUMOR on the Street is that Broadcom – ticker BRCM – is being eyed for acquisition by another major silicon manufacturer.

Yesterday its share price soared by 18.32% to close at $16.60, some of that, no doubt, prompted by good financial results it delivered earlier in the week.

Yesterday the rumors caused nearly 46 million shares to be traded on the NASDAQ exchange.

Broadcom is in a strong position on the infrastructure front. The rumors are that mighty Texas Instruments sees that as a plus plus.

http://www.theinquirer.net/?article=9008