You can say as much as you want, but what you don't say is often more important. Communications and media chipmaker Broadcom
The company reported first-quarter net income of $175.1 million, or $0.29 per share, on revenue of $901.5 million. Unfortunately, Broadcom gave little reassurance about next quarter's growth, citing "mixed outlooks from a few of our larger customers". While CEO Scott McGregor commented that the company is optimistic about the second half of the year, his words did little to soothe investors' nerves about near-term bumps, and whether those negative trends will continue.
With fellow chipmakers Texas Instruments
Still, the firm was able to deliver $181 million in free cash flow in this quarter, thanks to added efficiencies in its business. And management expressed excitement about its prospects, with several new products entering the market, such as Apple's
If the short-term uncertainty remains brief, Broadcom should have plenty of good things to say the next time around.
Lend an ear to further Foolishness:
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Fool contributor Dave Mock leaves many things left unsaid, which would probably explain much of his wife's frustration. He owns shares of Motorola and Qualcomm. Dave is the author of The Qualcomm Equation. The Fool disclosure policy speaks softly, but carries a big stick.
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