After the market closed on Thursday, Broadcom's
For those who missed the main attraction under the big top, Broadcom reported earnings of $34.3 million on $897.9 million in revenue for the quarter. The numbers weren't spectacular, but they could have been far worse since management had opted to not give any refined projections for the quarter. Business with a few major customers, such as Motorola
But while the earnings call went on before a small audience of analysts, all of the lights and cameras were scampering around the announcement that had taken place a few hours earlier. In that news item, Broadcom said it had granted Verizon "immunity" from the International Trade Commission ban on wireless products containing Qualcomm's
In addition to helping Verizon get a leg up on fellow carriers Sprint Nextel
Other good news came from management's projection that the next quarter will see sequential growth -- with guidance of $915 million to $940 million in revenue. So while Broadcom's main show was pretty boring overall, the action on the smaller stages more than made up for it.
More Foolishness under the big top:
- Foolish Forecast: Broadcom Breaking Silence
- Just Say "No" to Qualcomm
- Broadcom's Right to Remain Silent
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Fool contributor Dave Mock never dreamed of leaving home and working under the big top -- there's just something not right about clowns. He owns shares of Motorola and Qualcomm. Dave is the author of The Qualcomm Equation. Vodafone is an Inside Value recommendation. The Fool's disclosure policy eats deep-fried Twinkies for breakfast.