Thursday, July 19, 2007
BroadCom today announced its quarterly results. Though the revenue numbers were a tinge lower than that of last quarter and the corresponding numbers of last year, it was by and large a strong finish if one accounts for R&D and the acquisition. With things only looking up for them (of course barring the ex-CEO controversy), I am inclined to be bullish on them.
A quote from the CEO as sourced from their press release reads -
"In the midst of continued variability in the ordering patterns of a few of our larger customers, we are pleased to announce that revenue in the second quarter was in line with our guidance, ... Broadcom had another strong quarter of cash generated from operations and continued to put our cash to work aggressively, buying back shares and acquiring companies to help drive our future growth. We believe the increasing diversity of our customer base and end-market exposure -- along with significant new product momentum -- should enable Broadcom to increase revenue sequentially in the third quarter."
Note the emphasis on diversity of customer base and end-market exposure and new product momentum. As I had mentioned in a previous article on technology integration, BroadCom seems to be heading the right direction in terms of their focus. The efficiency of their plan execution, their product quality and their ability to successfully sell themselves are questions for the near future to answer.