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Fly News Breaks for March 2, 2017
AVGO, SIMO
Mar 2, 2017 | 09:16 EDT
Craig-Hallum analyst Tony Stoss sees positive read through following Broadcom's (AVGO) report as the company guided for Enterprise demand to remain strong heading into Q2, but should begin to taper off by end of Q2 and into Q3. The analyst thinks Silicon Motion (SIMO) will benefit as SSD demand in the enterprise market continues to ramp. Additionally, he believes Silicon Motion could be a potential takeout target by Broadcom given its "strong position" in the SSD controller market. Stoss reiterated a Buy rating on Silicon Motion's shares.
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