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BRCM

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AcronymDefinition
BRCMBroadcom Corporation (stock abbreviation, AMEX)
BRCMMaster Chief Boilermaker (USN rating)


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We are maintaining our Hold rating on BRCM and have set a target price of $29 to reflect more positive trends in the semiconductor market.
Technically speaking, BRCM could be at a rather important juncture.
This morning, Alacritech, Microsoft (NASDAQ:MSFT), and Broadcom (NASDAQ:BRCM) today announced that they have entered into agreements that settle all outstanding disputes between Alacritech and MSFT, as well as provide MSFT and BRCM access to Alacritech's patent portfolio relating to scalable networking.
 
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