Research 02.02.2014

BRCM Broadcom–The chip maker is exploring strategic alternatives for its cellular baseband business, and has hired JPMorgan Chase in conjunction with that effort. CONN Conn’s Inc. shares jumped 8.3%. The retailer, which sells furniture, mattresses and other consumer goods, said Monday its first-quarter profit and sales topped expectations. The company said it continues to expect adjusted per-share earnings of $3.40 to $3.70 on same-store sales growth of 5% to 10% for fiscal year 2015.

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