Broadcom adds to its smartphone chip business

04/23/2013 | Reuters

Broadcom reported revenue in its first quarter was up 9.7% from a year ago, to $2.01 billion, while net profit more than doubled to $191 million, compared with last year's $88 million. "Over the course of the year, we should see additional customers in our baseband business," CEO Scott McGregor said an earnings conference call.

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