Broadcom Changes LTE Policy, Alcatel Seeks Loans: Tech Biz Update
Broadcom Corporation (NASDAQ:BRCM) announced Thursday that next year it will supply sample chips that support the latest high-speed wireless services to its top cellphone customer. Such a move should help the firm better compete with its larger competitor Qualcomm (NASDAQ:QCOM), which is years ahead in Long Term Evolution, the high-speed wireless tech being adopted by wireless service suppliers worldwide. The most recently launched devices, like Samsung’s (SSNLF.PK) Galaxy phones and Apple’s iPhone, already support LTE. Broadcom’s ability to provide LTE chips for those products would help it grow the revenue it generates from each phone.
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The telecom equipment maker Alcatel-Lucent (NYSE:ALU) is looking to offer its fastest-growing division, its Internet-routing business, as collateral for as much as €1 billion or $1.31 billion in loans through which to buy time for restructuring, say knowledgeable sources.
The chief of Dell’s (NASDAQ:DELL) Storage Group, Darren Thomas, is exiting the firm after several quarters of slumping revenue along with an infusion of new executive blood into the company. Spokesperson Gladys Elia said that, “Darren Thomas has decided to pursue a new opportunity outside of Dell. Alan Atkinson, vice president and general manager of Compellent, and Pete Korce, vice president and general manager of EqualLogic and NAS Storage Solutions, are leading Dell’s storage business at this time.”
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