Broadcom Declines on Revenue Forecast and Announced Job Cuts

fell after the company forecast lower fourth-quarter revenue than analysts estimated and said it’s cutting as many as 1,150 jobs as demand slows for chips that connect mobile phones to the Internet. The shares slid 2.9 percent to $26.36 at the close in New York. Sales will be about $1.

Posted: 2013-10-23 22:48:00

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