Broadcom Drops as Sales Forecast Falls Short, Job Cuts Planned

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 as much as 8.6 percent in late trading. Sales will be about $1.

Posted: 2013-10-23 06:18:00

Read all

Leave a Reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.