Bloomberg, By Ian King | June 2nd, 2016 (Read article)

Broadcom Ltd., which led a wave of consolidation last year to become one of the world’s top-10 chipmakers, predicted fiscal third-quarter sales that may beat analysts’ estimates on stronger demand for parts for mobile phones and networking.

Revenue will be $3.75 billion, plus or minus $75 million, in the period ending July 31, the Singapore-based company said Thursday in a statement. That compares with an average analyst estimate of $3.7 billion. Fiscal second-quarter revenue also topped analysts’ estimates