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Chipset News: Qualcomm, Inc. (QCOM)’s Record Returns, Intel Corporation (INTC) Accord & Broadcom Corporation (BRCM)

Intel Readies Inexpensive Six-Core Microprocessor (XBitLabs)
Although Intel Corporation (NASDAQ:INTC) is about to start shipping its next-generation Core i7-4800/4900 “Ivy Brige-E” chips for high-end desktops (HEDTs) in the coming weeks, the company may also be readying a relatively cost-efficient six-core microprocessor based on the current-generation “Sandy Bridge-E” technology. Officially, Intel Corporation (NASDAQ:INTC) only has four second-generation Core i7 “Sandy Bridge-E” microprocessors in LGA2011 packaging in its lineup: three six-core i7-3900-series chips and one quad-core i7-3820 product. However, this week it was discovered in an Intel document that Intel Corporation (NASDAQ:INTC) is either preparing, or already shipping, a mysterious Core i7-3910K central processing unit.

Broadcom Corp. Price Target Cut to $35.00 (BRCM) (ZolMax)
Topeka Capital Markets lowered their target price on shares of Broadcom Corporation (NASDAQ:BRCM) to $35.00 in a research note issued on Wednesday, Analyst Ratings reports. The firm currently has a “buy” rating on the stock. Topeka Capital Markets’ price target suggests a potential upside of 29.58% from the stock’s previous close. Shares of Broadcom Corporation (NASDAQ:BRCM) traded down 15.14% during mid-day trading on Wednesday, hitting $27.01. Broadcom Corp. has a one year low of $29.95 and a one year high of $37.85. The stock’s 50-day moving average is currently $33.94. The company has a market cap of $15.423 billion and a P/E ratio of 22.31.

Broadcom Tumbles as Sales Forecast Trails Estimates (Bloomberg)
Broadcom Corporation (NASDAQ:BRCM), a maker of chips that connect mobile devices to the Internet, fell the most in more than five years after issuing a revenue forecast that trailed analysts’ estimates amid slowing smartphone sales. The shares tumbled 15 percent to $27.01 at the close in New York, the biggest drop since October 2007. The stock has dropped 19 percent this year, compared with a 24 percent gain for the Philadelphia Semiconductor Index. …Broadcom Corporation (NASDAQ:BRCM)’s products enable wireless connectivity in products such as Apple Inc. (NASDAQ:AAPL)’s iPhone and iPad, and some of Samsung Electronics Co. (005930)’s Galaxy line of mobile devices.

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